Form 8962

MO2012 · ‎April 11, 2022

I have AGI of $42k but form 8962 is calculating the AGI as a percentage of poverty on line 5 as 133% (vs. 333%) and therefore the applicable figure on line 7 is 0.00. It is causing a credit larger than what I calculate myself manually. How do I fix this? Or am I missing something.

MinhT1 · ‎April 12, 2022

If you were eligible for unemployment or received unemployment benefits in 2021, your percentage of poverty level is considered to be no greater than 133%. This will make you eligible for a higher premium tax credit.

Please read this IRS document for more information.

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View solution in original post

MinhT1 · ‎April 12, 2022

If you were eligible for unemployment or received unemployment benefits in 2021, your percentage of poverty level is considered to be no greater than 133%. This will make you eligible for a higher premium tax credit.

Please read this IRS document for more information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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