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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.
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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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