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Get your taxes done using TurboTax
I have the same issue. Form 8962 is calculating my annual contribution amount and showing the cap at 8.5% of Modified AGI. I come out in excess of 401% so my overall cost of insurance should be capped at 8.5% of Modified AGI. However the cap is currently not being calcuated on any of the forms. It shows I should be paying 13.1% of my mmodified AGI which is wrong. According to the tax law through 2025 I should be paying a maximum of 8.5%
‎April 8, 2025
1:13 PM