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Get your taxes done using TurboTax
Please that the AGI from which the MAGI is calculated is on line 11 of form 1040, before the standard deduction, and NOT after the standard deduction as you stated above.
Also, the percentage of 133% of the poverty level for those receiving or eligible for unemployment applied in 2021 and has been rescinded for 2020.
One other point is that in 2022, even if your MAGI is above 400% of the poverty level, you still receive some premium tax credit and do not have to repay the totality of the advance premium tax credit received.
Please read this IRS document for more information.
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‎February 13, 2023
1:20 PM