Couple got married in Dec 2021 and is Filing married filing jointly. Only the spouse was paying and was covered by insurance from the Marketplace
In ProSeries, the total income is used to calculate PTC credit, when It should only use the spouses income
How do I segregate the income to reflect proper wages and give the credit they deserve instead of having a monies taking away from the return
Best Answer Click here
ok thanks. that's what I had already used but thought there was more to it
@Jerry C wrote:
In ProSeries, the total income is used to calculate PTC credit, when It should only use the spouses income
ProSeries is doing it correctly. It is based on the entire income on the tax return.
There is a section for the "alternative" method for the year of marriage that you should fill out. That will use 50% of the total joint income for the pre-marriage months.
ok thanks. that's what I had already used but thought there was more to it
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