rjs
Level 15
Level 15

Deductions & credits


@delta_hotel wrote:

Can anyone give me a reason why FPL for Turbo Tax calculation is $17,420 and not $18,310 as I would expect.


TurboTax is using the correct amount. The reason that TurboTax is using the 2021 poverty level figure is that that's what the IRS instructions say to use. The 2022 IRS Instructions for Form 8962 line 4, at the top of page 7, say "For 2022, the 2021 federal poverty lines are used for this purpose and are shown below."

 

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