On FORM 8962, line 4 is the Federal Poverty Level based on our family size. Line 5 is what the percentage your Household Income is of the Poverty Level on line 4.
The total amount you are required to repay is on line 27 of Form 8962.
This is the amount that can be limited by what is entered on line 28.
Based on the percentage on line 5 the limitation is shown below.
- If line 5 is less than 200 the limitation for the filing status of Single is $300.
- If line 5 is less than 200 the limitation for the other filing statuses is $600.
- If line 5 is at least 200 but less than 300 the limitation for the filing status of Single is $800.
- If line 5 is at least 200 but less than 300 the limitation for the other filing statuses is $1,600.
- If line 5 is at least 300 but less than 400 the limitation for the filing status of Single is $1,325.
- If line 5 is at least 300 but less than 400 the limitation for the other filing statuses is $2,650.
- If line 5 is 400 or 401 the limitation for the filing status of Single is $0.
- If line 5 is 400 or 401 the limitation for the other filing statuses is $0
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
