Form 8962 Line 26 Not Included on 1040 Line 20 — TurboTax Omission?

[MikeNe]

Edit: Thank you so much to those who responded. You were absolutely right. The credit was right where you said it would be. I knew that TT wouldn't get something so simple wrong.

I used TurboTax to file my 2024 tax return and just noticed what appears to be a major issue.

I received a Form 1095-A from the Marketplace.

On Form 8962, my Line 26 (Net Premium Tax Credit) shows $2,234.

But on my Form 1040, Line 20 only shows $200 — not the full amount.

As a result, my refund was $2,034 less than it should have been.

I confirmed that TurboTax generated Form 8962 correctly (all the advance payments and premiums are properly listed from my 1095-A). But it seems TurboTax failed to carry over the Line 26 credit to 1040 Line 20, which is required.

My Questions:

Has anyone else had this issue with TurboTax this year?

Is this a known glitch?

Does this qualify for the Maximum Refund Guarantee or 100% Accurate Calculation Guarantee?

I feel like this is a serious error — especially since everything was entered correctly. I'm considering filing a 1040-X amended return to claim the full credit.

Thanks in advance for any advice or confirmation. I'd love to know if I'm not the only one who experienced this.

[VolvoGirl]

Do you have self employment income?   Check Schedule 1 line 17 to see if it went towards your self employed health insurance.   If you enter the 1095-A and select the "Self-employed and bought a Marketplace plan" box, it will automatically include those premiums in the SE Health Insurance section.

Self-employed health insurance deduction goes on Form 1040 Schedule 1 line 17 then to 1040 line 10, as long as the expense is not greater than your net self-employment income. If it does exceed your net self-employment income it gets split automatically.

[SteamTrain]

My reading of the form and Schedule 3, is that the $$ are supposed to go to line 31 of the form 1040.

i.e. Those from 8962 $$ go to line 9 of the Sched 3....which total down to line 15 of the Sched 3 before transferring to line 31 of the form 1040.

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But yeah, I'm unaware of potential SE issues.

[VolvoGirl]

Yeah check schedule 3 line 9 which goes to line15 then to 1040 line 31 (not line 20).   Line 20 comes from Sch 3 Part 1 line 8.  See what line has the $200 on it.   
https://www.irs.gov/pub/irs-pdf/f1040s3.pdf 

And part of it can go to the self employed health insurance on Schedule 1 which is better since it comes off your income before the tax is calculated.