PTC repayment calculation on form 8962 seems to be incorrect when MAGI is over 400%. It calculates the repayment amount equal to the entire advance payment from 1095-A.
My understanding is that American Rescue Plan eliminated the subsidy cliff until 2025 and the total cost (i.e. premium already paid + repayment amount) should be capped to 8.5% of MAGI.
Premium Tax Credit - Beyond the Basics (healthreformbeyondthebasics.org)
TurboTax team, please advise.
Note: This applies to TurboTax Deluxe Desktop edition for 2022.
Thanks.
