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Level 1
March 30, 2022
Solved

Form 8962 Line 5

  • March 30, 2022
  • 1 reply
  • 11 views

Is anyone having issues with the calculation on line 5? I have a client with $226,970 AGI and poverty level $17,240. My calculation comes to 1316% poverty level but program is calculating as 133%. 

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Best answer by rbynaker

When in doubt, read the instructions.  See if the first paragraph under "What's New" applies:

https://www.irs.gov/pub/irs-pdf/i8962.pdf

Rick

1 reply

rbynaker
rbynakerAnswer
Level 13
March 30, 2022

When in doubt, read the instructions.  See if the first paragraph under "What's New" applies:

https://www.irs.gov/pub/irs-pdf/i8962.pdf

Rick