topic 2022 Premium Tax Credit Eligibility in Get your taxes done using TurboTax

2022 Premium Tax Credit Eligibility

johnrwolfe — Tue, 10 Mar 2026 07:23:35 GMT

When will TurboTax 2022 support the expanded eligibility requirements for the premium tax credit? At present (12-Dec-2022), the program appears to apply a hard limit of 400% of the Federal Poverty Line. With a MAGI slightly above that figure, TT2022 calculates the value of PTC as zero.

From the IRS website:

2021 and 2022 Premium Tax Credit Eligibility. For tax years 2021 and 2022, the American Rescue Plan of 2021 (ARPA) temporarily expanded eligibility for the premium tax credit by eliminating the rule that a taxpayer is not allowed a premium tax credit if his or her households income is above 400% of the Federal Poverty Line.

Re: 2022 Premium Tax Credit Eligibility

Critter-3 — Mon, 12 Dec 2022 16:52:03 GMT

Not sure what your exact question is just be aware that the TT program is not fully functional and that 1095-A & 8962 sections are not expected to be ready until 1/19/23

https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product=Turbotax_online&bu=cg

Re: 2022 Premium Tax Credit Eligibility

Critter-3 — Mon, 12 Dec 2022 16:52:32 GMT

https://www.irs.gov/affordable-care-act/individuals-and-families/eligibility-for-the-premium-tax-credit

Re: 2022 Premium Tax Credit Eligibility

johnrwolfe — Mon, 12 Dec 2022 16:58:07 GMT

Thank you for the rapid response and for correctly guessing my question based only on the subject line.

Re: 2022 Premium Tax Credit Eligibility

tx1982vett — Tue, 13 Dec 2022 15:07:00 GMT

Yes. BUT…in my opinion…TTax should be more up to date than this to be able to use it for a planning tool. Unbelievable how much that $1 of income makes. I mean, did the rules change from last year?

Re: 2022 Premium Tax Credit Eligibility

Critter-3 — Tue, 13 Dec 2022 19:24:40 GMT

If you are trying to do some 2022 tax planning then use the fully operational 2021 downloaded version instead.

Re: 2022 Premium Tax Credit Eligibility

johnrwolfe — Mon, 19 Dec 2022 23:22:38 GMT

Yes, I am trying to do some 2022 tax planning. Sadly, attempting to open my provisional 2022 return with TurboTax 2021 fails. Is there another approach for transferring the data from a 2022 return to TT2021? I am hoping to avoid re-entering the data manually.

Re: 2022 Premium Tax Credit Eligibility

VolvoGirl — Mon, 19 Dec 2022 23:34:16 GMT

No. Where did you get the 2022 return file? Are you using the 2022 Desktop program? You can only open a return (like the .tax2022 file) in the same year program. If you have a .tax2022 just use the 2022 program to test. You can have more than 1 return in the Desktop program. I have many different returns to test in and to look up stuff for questions. Just save each return with a different name.

Re: 2022 Premium Tax Credit Eligibility

johnrwolfe — Mon, 19 Dec 2022 23:45:54 GMT

I have the desktop version of TurboTax for 2021 and 2022. Unfortunately, TT22 does not yet fully support the Premium Tax Credit, but TT21 does, hence my desire to load the data from my provisional 2022 tax return (created with TT22) into TT21 so I can use the full support for the PTC.

Re: 2022 Premium Tax Credit Eligibility

VolvoGirl — Mon, 19 Dec 2022 23:57:02 GMT

Sorry each year is separate. You can only Transfer the prior year into the current year. And no way to go backwards. Have you ever seen or used theWhat-If worksheet? You can try that in the 2021 program.

If you have the Desktop program you can do a What-If worksheet.

Go to Forms Mode, click Forms in the upper right or on the left for Mac. Then click Open Forms box in the top of the column on the left. Open the US listing of forms and towards the bottom find the What-if worksheet. It's right under Estimated Taxes.

Or try…Go into Forms View. Once there, at the top of the left column, click on the icon for "Open Form". A popup window will appear. In the text line, type the word "what" without quotes. You should see "what-if worksheet" appear as a selection choice. Double-click it to launch the form.

Re: 2022 Premium Tax Credit Eligibility

Critter-3 — Tue, 20 Dec 2022 00:16:39 GMT

If you are trying to do some 2022 tax planning then use the fully operational 2021 downloaded version instead.

This is my mini version of a tutorial that should be in the downloaded program:

What is Forms Mode?

Forms Mode lets you view and make changes to your tax forms "behind the scenes."

If you're adventurous, you can even prepare your return in Forms Mode, but we don't recommend it. You may miss obscure credits and deductions you qualify for, and you may forget to report things that will come back and haunt you later.

Forms Mode is exclusively available in the TurboTax CD/Download software. It is not available in TurboTax Online.

Related Information:

If you want to play around with different figures and tax scenarios without affecting your original return you can ….

>>>In the TurboTax CD/Download software by creating a test copy:
1. Open your return in TurboTax.
2. From the File menu, choose Save As.
3. Give the copy a new name to distinguish it from the original (for example, by adding "Test" or "Example" to the file name).
4. Click Save. You are now safely working in the test copy and anything you do here will not affect the original.
https://ttlc.intuit.com/questions/1900642-how-to-make-a-test-copy-of-your-return

>> use the WHAT IF tool:
- Click Forms Icon (upper right of screen) or Ctrl 2 (forms view)
- Click on the Open Form Icon
- In the “Type a form name.” area type What-If (with the dash), click on the name of the worksheet - click on Open Form
- You will see the worksheet on the right side of the screen; enter the information right into the form
- To get back to interview mode - click on the Step-by-Step Icon (upper right of screen) or Ctrl 1

Once you have filed successfully … you can shut off the auto updater function and then save the return & .taxfile.

For Windows, up in the top menu, you can set the "Updater Preferences" to "Always Ask" or more commonly set to "I don't have an internet connection" (even if you do), and then you are not forced to update....and can manually force an update when you choose to do so. And then you can open the file(s) at any time with no forced upgrade.

But that's the Windows software.....not a MAC. For a MAC you cannot turn off the auto updater HOWEVER you can simply disconnect from the internet before opening the tax return.

It's always a good idea to make a backup copy of your tax data file, in case your original gets lost or corrupted. Here's how:

From the File menu in the upper-left corner of TurboTax, choose Save As (Windows) or Save (Mac).
Browse to where you want to save your backup.
- Tip: If you're saving to a portable device, save it to your computer first to prevent data corruption. Then, after completing Step 4, copy or move the backup file to your device.
In the File name field, enter a name that will distinguish it from the original tax file (for example, add "Backup" or "Copy" to the file name)
Click Save and then close TurboTax.
Restart TurboTax and open the backup copy to make sure it's not corrupted. If you get an error, delete the backup and repeat these steps.

If you make changes to your original tax return file, repeat these steps to ensure your original and backup copies are in-synch.

Related Information:

AND save it as a PDF so you have access to a copy even if you don’t have the program still installed and operational :

AND protect the files :

How can I protect the tax files on my computer?

*** Other clues to the downloaded program ***

In the forms mode ... double click or right click on a box on a form to data source it ... sadly it doesn't work on all boxes.

What's the meaning of all the different colors in Forms Mode?

When you look at an onscreen tax form using Forms Mode, you might wonder why one figure is blue and the one next to it is red or black.

These colors indicate the source of that data.

Color	Meaning
Blue	You entered this data, either in the interview or Forms Mode.
Black	The program entered this data or calculated this amount.
Red	This data has either been overridden or is invalid (for example, a ZIP code that doesn't exist).
Red italics	You marked this amount as estimated.
Black italics	The program calculated this amount from an amount you marked as estimated.
Purple	This information has supporting details.
Aquamarine	This data was transferred over from last year.
Green	This data was imported from Quicken or QuickBooks.
Yellow fields (Windows)	Yellow fields allow user input. Anything you enter here shows up in blue.

Re: 2022 Premium Tax Credit Eligibility

Callofduty2005 — Tue, 20 Dec 2022 01:37:44 GMT

I need to fix my car to take my kids to school

Re: 2022 Premium Tax Credit Eligibility

VolvoGirl — Tue, 20 Dec 2022 01:46:16 GMT

@Callofduty2005 Do you have a question about using Turbo Tax?

The Advance won't be available until after January 1 and just when you are ready to file. And only if they offered it to you. You can't self select it. Then you don't get it until AFTER your efile is Accepted by the IRS.

https://turbotax.intuit.com/refund-advance/

It says......after IRS acceptance.

And see this FAQ

https://ttlc.intuit.com/community/refunds/help/about-refund-advance/00/27333

Re: 2022 Premium Tax Credit Eligibility

pdannawdm — Fri, 13 Jan 2023 15:55:00 GMT

Just got the 1/12/23 update for the 1095A and 8962 forms which say that they are available to file now. They did not include the PTC Eligibility for household income over 400%. Per the original question. I saw a reply that said they would be available on 1/19/23. Any idea of when this will be corrected?

Re: 2022 Premium Tax Credit Eligibility

DianeW777 — Fri, 13 Jan 2023 22:44:38 GMT

Form 8962 is available for use now. By using the information below you can determine if you are eligible. You can use the hyperlinks for more information.

The federal poverty level chart can be accessed at the following link: Federal Poverty Levels (FPLs)

Eligibility requirements for the premium tax credit

You must meet all of the following criteria to qualify for the premium tax credit:

You must get your health care coverage through the Marketplace
You can't be eligible for health care coverage through alternative options such as your employer or the government
Your income needs to fall within a certain range
Another person can't claim you as a dependent on their return
You must file a joint return if you're married
For more information click here.

In the Search box in the upper right corner type 8962 > Jump to 8962 > follow the screens. It's important to complete the Form 1095-A correctly.

Re: 2022 Premium Tax Credit Eligibility

spaceoddity — Fri, 13 Jan 2023 23:08:51 GMT

@DianeW777 For 2022, please be aware that an issue with the 8962 calculations have been seen by many users, and it isn't even using the current 2022 FPL for its calculations. See below for more details. If you could help escalate this to the proper people, a lot of folks would be very happy! 🙂

https://ttlc.intuit.com/community/taxes/discussion/re-form-8962-tax-credit-calcula[product key removed]tax-desktop/01/2816254

Thank you!