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MO2012
Level 1
April 12, 2022
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Form 8962

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.  

    MinhT1Answer
    Alumni - Intuit
    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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    MinhT1Answer
    Alumni - Intuit
    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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