If you had an insurance policy from the Affordable Care Act marketplace in 2023, you must file a federal tax return, if for nothing else to square away your advance premium tax credit, analysts ...

The advanced premium tax credit (APTC) is a subsidy provided by the federal government to help lower-income individuals and families pay for health insurance premiums through the Health Insurance ...

Under the Affordable Care Act, advanced premium tax credits could be affected by capital gains distributions. This reduces the premium tax credit and raises the health insurance premium. ...

The premium tax credit is a refundable credit that helps some taxpayers afford health insurance premiums. The advance PTC lowers the premiums themselves. Many, or all, of the products featured on ...

Few eligible individuals apply for the Advance Premium Tax Credit due to knowledge barriers. Additionally, specific sociodemographic characteristics appear to predict applying status. Objectives ...

If the premium tax credit expansion were to expire by the end of 2025, their market premium would more than triple to $2,026, representing an annual increase of $17,500. How to claim the premium ...

For the 2014 tax year only, taxpayers who owe an amount they cannot pay, attributable to the reconciliation of the premium tax credit, or an underpayment penalty qualify for automatic relief (1) if ...

The Internal Revenue Service announced Friday that taxpayers with excess APTC for 2020 are not required to file Form 8962, Premium Tax Credit, or report an excess advance Premium Tax Credit ...

Filing your tax return is an essential step in claiming the Premium Tax Credit. Each year, you must file a federal income tax ...

With Form 8962, you are reconciling the tax credit you are entitled to with any advance credit payments (or subsidies) for the tax year. The size of your tax credit depends on the cost of ...

The receive a premium tax credit of $10,000 for a net cost of $5,000. 400% of poverty in their situation is $75,000. Final AGI is $75,010. They are required to pay back $1,375 ($75,010 X 8.5% ...

However, the Biden administration temporarily enhanced the premium tax credit through 2025, making people with incomes above 400% of the poverty level newly eligible for the credit if their ...