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Get your taxes done using TurboTax
No, don't worry about the Federal Poverty amount on Form 8962 being incorrect.
Most of the lines in Part 1 are calculated automatically from other parts of the return and from the tables found in the Form 8962 instructions.
You may need to enter your dependent's income before completing this form (if this applies). This is because "Household Income" includes the income from all members of the "Tax Family' so yes, it's based on household size, not covered individuals.
Click this link for more info on How is the Premium Tax Credit Calculated.
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March 2, 2022
11:11 AM