error on 8962

artroberts — Mon, 31 Jan 2022 18:42:44 GMT

F8962-006-01 - If Form 8962, Line 1 'TotalExemptionsCnt' has a non-zero value, then Line 5 'FederalPovertyLevelPct' must be equal to Line 3 'HouseholdIncomeAmt' divided by Line 4 'PovertyLevelAmt'.

Any Idea on what would be causing this and how to fix it?

Re: error on 8962

TeresaM — Mon, 31 Jan 2022 19:36:44 GMT

Error message F8962-006-01 is a code from the IRS to explain the rejection. It does refer to Form 8962, which reconciles the Advanced Premium Tax Credit from your Form 1095-A.

Our information for this code is "This return cannot be electronically filed at this time due to a processing error that will be corrected on February 3, 2022. On, or after February 3, 2022, open the rejected return, review it for errors, and resubmit the return for electronic filing."

The IRS just began accepting e-filed returns on Jan 24th and this early in the season it is not uncommon for there to be updates. Please review the 1095-A area in your return, after February 3rd, when the updates should be in place. Then, refile and it should be accepted.

If you have a different reject code, please let us know as this will help in determining the reason.

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error on 8962

Re: error on 8962