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RWS5
Level 1

2024 Form 8962 - Using 2023 Poverty Level (Line 4)?

Hello - For my 2024 taxes, I noticed that on my Form 8962 Line 4 (Federal Poverty Line) it is showing '$19,720' for a Tax Family Size of (2).  Per the HHS.gov website's tables, this amount of $19,720 is shown for 2023, while $20,040 is shown for tax year 2024 for a family size of (2).

 

Can someone please confirm that this is an error within TurboTax and not a misunderstanding on my part.  If indeed an error, I will need to request money back from the IRS.

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1 Reply
DavidD66
Employee Tax Expert

2024 Form 8962 - Using 2023 Poverty Level (Line 4)?

The amount used by TurboTax ($19,720) is correct according to the Instructions for Form 8962 (2024) 

 

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