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What is the premium tax credit?
What is a health insurance premium tax credit?
Who qualifies for health insurance premium tax credits?
How does a health insurance tax credit work?
Dec 12, 2023 · Updated Dec 12, 2023. A premium tax credit can help you save on health insurance costs by reducing your monthly bill. It's only available for those who purchase insurance through a state or federal health insurance marketplace, and your income must fall below a certain threshold to qualify.
The premium tax credit – also known as PTC – is a refundable credit that helps eligible individuals and families cover the premiums for their health insurance purchased through the Health Insurance Marketplace. To get this credit, you must meet certain requirements and file a tax return with Form 8962, Premium Tax Credit (PTC).
Feb 24, 2022 · The Premium Tax Credit is a refundable tax credit designed to help eligible individuals and families with low or moderate income afford health insurance purchased through the Health Insurance Marketplace, also known as the Exchange. The size of your Premium Tax Credit is based on a sliding scale.
Apr 29, 2024 · How It Works, Calculator. The premium tax credit is a refundable credit that helps some taxpayers afford health insurance premiums. The advance PTC lowers the premiums...
Oct 26, 2022 · (Image credit: Getty Images) By Joy Taylor. last updated 26 October 2022. Health insurance can be expensive. But thanks to Obamacare, people who otherwise can’t get affordable coverage through...
Oct 27, 2023 · The Premium Tax Credit is a tax credit intended to subsidize the purchase of health plans offered through the federal and state health benefit exchanges. The size of your credit will...
Nov 21, 2023 · By purchasing coverage through the Health Insurance Marketplace, many people qualify for premium tax credits that significantly reduce their monthly premiums. Eligible candidates include: Individuals and families within 100-400% of the federal poverty level (FPL)
