8962 is using 2024 FPL amount in 2025

[BAM62]

I posted this a few days ago and don't see it!  On line 11 of 8962 indicating the federal poverty line, TT is using 20,440 (400% FPL for 2 people in 2024) and not 21,150 which is the FPL for 2 people in 2025.  Making a big difference because using the 2024 rate, I am 401% of the FPL and I need to be under 400% to not pay back all my ACA premiums which TT is calculation that I owe.

I called and the person was dense but put a. "ticket" in.  This error exposes TT to liability...

[Bsch4477]

For the 2025 tax year (filing in 2026), Form 8962 uses the 2024 Federal Poverty Level (FPL) guidelines to determine eligibility and reconcile the Premium Tax Credit (PTC)

. This is standard IRS procedure, as the previous year's guidelines are used to calculate the subsidy for the coverage year. 

[dmertz]

$21,150 is the 2026 FPL for filing a 2026 Form 8962 next year.  TurboTax is using the correct value of $20,440 on your 2025 Form 8962.

[BAM62]

Thank you.