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Get your taxes done using TurboTax
I received the following response from TurboTax Support on Twitter:
”Thanks so much for providing that account information. There does seem to be some confusion happening with what the limits are for the 2022 filing year. To clarify, the post you shared from the forum contains incorrect information.
Due to IRS guidelines, the 2021 amounts for the poverty line are used because that is what was available when the enrollment period was open Please refer to this link for more details on this matter: http://intuit.me/3ZKaEOn
Your income has to be within a certain range to qualify for the Premium Tax Credit. That income range is between 100% - 400% of the federal poverty level. As of 2021, the federal poverty level for most of the United States was $12,880 for a single person. The 2021 amounts are the latest available during open enrollment for 2022 and are therefore used with your 2022 tax return.
If your household income is 400 percent or more of the federal poverty line for your family size, you will have to repay all of your excess advance credit payments for that tax year. See this page directly from the IRS for additional information: https://bit.ly/3Hax9Fa
Please let me know if you have any further questions or concerns,
-Benjamin”