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- Tax year Form 8962
Tax year Form 8962
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haffcpa
Level 2
02-16-2022
02:15 PM
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Per Cares Act for 2021 taxpayer over 400% of poverty level pays back subsidy in amount that gets them to total of 8.5% of AGI paid for premiums. In Proseries it calculates it all until it gets to Part III Line 27 - it is not subtracting line 24 from line 28 and then if no limitations putting it on line 29 as excess advance premium tax credit repayment to go to Schedule 2 - is there something I am missing??
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qbteachmt
Level 15
02-19-2022
01:27 PM
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There is a provision for those who got Unemployment, that limit is capped at 133%. You might want to look up current reference materials.
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