Thanks, NCperson, for responding.
I am modeling the tax outcome for a person entering the US (will have a Green Card) in 2024, and using my 2023 TT (desktop premium) to gauge whether TT handles the PTC the way I understand the rules. This person will not have much income, but could potentially earn enough to be ineligible as a dependent on anyone else's return... ($4,701 should be the amount for 2023 in my scenario).... While most ACA enrollees must have income => the poverty level to qualify for a subsidy, that requirement is supposedly not applicable for new immigrants within their first 5 years of residency. (Because they are not eligible for Medicaid during that 5 year period.) So, I was setting up a dummy return and testing it at both the poverty level (using $13,600 of income) and at a lower amount (using $6,000). The software provided the Premium Tax Credit for the scenario with income at the poverty level ($13,600), but not for the scenario with the lower income ($6,000). I'm wondering if this is user error somehow (imagine that, lol) or a system limitation.... FYI, it's possible this individual could work some and reach the level to become ineligible as a dependent, but probably not up to that poverty level, etc.
Thanks for your perspective or recommendation!
