Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- 2022 Proseries Form 8962 is not calculating when income over 400% FPL
2022 Proseries Form 8962 is not calculating when income over 400% FPL
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Arnie in Oregon
Level 3
01-17-2023
11:31 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Proseries 2022 is not correctly calculating Form 8962. It's refusing to fill in data when income exceeds 400% of Federal Poverty Line, even though that limit has been waived in American Rescue Plan Act Section 9661. Support says it will be updated by 1/23, but the form is already listed as being ready to print and mail now. BEWARE!
Labels
4 Comments 4
Thomas3
Level 1
01-17-2023
09:12 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I agree 8962 does not calculate correctly for income above 400% poverty level. It makes it difficult to tax plan in Dec. Or provide reasonable give estimate for taxes on Jan 15, 2023. Very disappointing!
Arnie in Oregon
Level 3
01-19-2023
09:44 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
As of this morning's update, FINALLY, Form 8962 is properly populating. The return I was working on has gone from $7,000 owed to a $1,700 refund. Phew!
haffcpa
Level 2
02-14-2024
01:23 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The same issue is happening with the 2023 tax software. Form 8962 is not properly calculating.
Frustrated-in-I
Level 8
02-14-2024
01:50 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
As I stated in other post on same subject, it wasn't calculating properly on 2/7 but was on 2/9 after the update. Please make sure your software in up to date, including running repair updates.
As an aside, I still don't understand why we have to run updates as well as repair updates to ensure the program is really up to date.
