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Get your taxes done using TurboTax
Its Jan 19th 12th 2023 (Edit: Sorry, its the 12th, but TurboTax has it as final today. I will wait a few hours. I need to do estimated taxes and this is a frustrating delay.) and the 8962 is STILL not calculating line 11 correctly. If you make over 400% of poverty level TurboTax 2022 thinks you have to pay all of the advance premium tax credit back. Using TurboTax 2021, the 8.5% of SLCSP is computed and then used to fill line 11 - block E. That figure is subtracted from the total annual premium amount and that difference is brought over to Schedule 2 line 2 as excess advance premium tax credit to be paid back. it is not the full amount of the annual premium. The subsidy cliff was eliminated until 2025. Come on TurboTax! This is still broken.