Is repayment limit for the excess APTC at $2700 even though my income is over 400% poverty level, incorrect according to IRS form 8962 instructions?

[bktjj5]

online turbotax 2021 deluxe version

[rjs]

No, it's not correct. It's a bug in the TurboTax software. TurboTax is aware of the problem and they are working on it. As of now there is no date for when it will be fixed.

[bktjj5]

Thanks for the confirmation that it is a bug. It is frustrating since it needs to be fixed before I can submit my federal and state tax returns. Unfortunately there is no way to fix the form by myself. It would be nice to know a timeline for a fix from turbo tax online since this bug has been identified almost 2 weeks ago already.

[rjs]

You can sign up at the following link to be notified when this problem is fixed.

Why is the repayment of excess Premium Tax Credit being incorrectly limited?

[bktjj5 · Accepted solution]

Thanks, I was able to signup for notification when the issue gets resolved. I have not received notification yet, however when I got into TT last night 2/2/22 I noticed the calculation was now correct. I was able to then submit my tax return and it was accepted by the IRS.