Form 8962 was released today and there appears to be a glitch with how TurboTax is calculating the premium tax credit repayment. My household income as a percentage of the federal poverty line was greater than 400% (line 5). However, line 28 stills shows the repayment limit set as $2,700. It is my understanding that limit does not apply when MAGI % FPL is over 400. According to the IRS instructions line 28 should be left blank and you should be required to repay the full amount shown on line 27. Is anyone else experiencing this problem? I'm hoping someone will tell me that I misread the instructions and that I only owe $2,700! 😀
