Hello,
My wife was on an ACA plan for first 9 months of 2024. She then moved to Medicare starting Oct 1st when she reached age 65.
Turbotax has computed our Monthly Contribution Limit on Line 8b of Part I of the 8962 Form. This amount is based on our (my wife and I) combined Modified AGI amount for the WHOLE YEAR. We are filing as "Married Filing Jointly".
So the question I have is this: Shouldn't the Modified AGI amount be pro-rated such that for the last 3months of 2024, it excludes my wife's income as she was not on the ACA plan during those 3 months? Obviously, this affects the amount of Premium Tax Credit allowed.
Thanks!
