topic PTC repayment amount calculation on form 8962 incorrect when MAGI is over 400% in Get your taxes done using TurboTax

PTC repayment amount calculation on form 8962 incorrect when MAGI is over 400%

alsn — Mon, 23 Feb 2026 10:54:44 GMT

PTC repayment calculation on form 8962 seems to be incorrect when MAGI is over 400%. It calculates the repayment amount equal to the entire advance payment from 1095-A.

My understanding is that American Rescue Plan eliminated the subsidy cliff until 2025 and the total cost (i.e. premium already paid + repayment amount) should be capped to 8.5% of MAGI.

Premium Tax Credit - Beyond the Basics (healthreformbeyondthebasics.org)

TurboTax team, please advise.

Note: This applies to TurboTax Deluxe Desktop edition for 2022.

Thanks.

Re: PTC repayment amount calculation on form 8962 incorrect when MAGI is over 400%

xmasbaby0 — Thu, 12 Jan 2023 21:55:34 GMT

Click Review to see the forms you are waiting for. The one for the PTC is one of them.

Re: PTC repayment amount calculation on form 8962 incorrect when MAGI is over 400%

alsn — Thu, 12 Jan 2023 21:58:15 GMT

Are you referring to "Review" within the software? I do not see the "Review" link on your post.

Re: PTC repayment amount calculation on form 8962 incorrect when MAGI is over 400%

xmasbaby0 — Thu, 12 Jan 2023 21:59:36 GMT

The form you need is not ready. It may be ready by January 19----subject to change. Re-visit the PTC then.

Re: PTC repayment amount calculation on form 8962 incorrect when MAGI is over 400%

alsn — Thu, 12 Jan 2023 22:01:00 GMT

Is there a link that shows the forms release schedule by TurboTax edition? Thanks.

Re: PTC repayment amount calculation on form 8962 incorrect when MAGI is over 400%

xmasbaby0 — Thu, 12 Jan 2023 22:02:14 GMT

https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html

Re: PTC repayment amount calculation on form 8962 incorrect when MAGI is over 400%

DoninGA — Thu, 12 Jan 2023 22:02:26 GMT

@alsn wrote:

Is there a link that shows the forms release schedule by TurboTax edition? Thanks.

Go to this TurboTax website for federal and state forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product=Turbotax_online&bu=cg

Re: PTC repayment amount calculation on form 8962 incorrect when MAGI is over 400%

EStreeter — Thu, 19 Jan 2023 02:23:30 GMT

I too am having the same issue. I did not receive any PTC during the year as I elected to receive all of it when I file my 2022 taxes. The form 8962 is not working correctly. To your point, the income cap has been removed through 2025.