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A Series of Yes-or-No Questions help you Determine Eligibility for the Premium Tax Credit

A Series of Yes-or-No Questions help you Determine Eligibility for the Premium Tax Credit The premium tax credit – also known simply as PTC – is a credit for certain people who enroll, or whose family member enrolls, in...

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  • December 8, 2016

What to Do if You Get a Letter about the Premium Tax Credit

Some taxpayers will be receiving an IRS letter about the premium tax credit; this letter is also known as a 12C letter. Be sure to read your letter carefully and respond timely. Here are answers to questions you may...

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  • May 5, 2016

Don’t Confuse Health Care Forms

With the tax filing deadline approaching, remember that the Affordable Care Act contains tax provisions that affect your 2015 income tax return. Taxpayers who are claiming or reconciling the premium tax credit, or claiming an exemption from the requirement...

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  • April 18, 2016

Can’t Pay Taxes On Time? Here Are Five Tips

The IRS urges you to file on time even if you can’t pay what you owe. This saves you from potentially paying a penalty for a late filed return. Here is what to do if you can’t pay all...

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  • April 5, 2016

How to Determine if You Can Claim the Premium Tax Credit

The premium tax credit is a credit for certain people who enroll, or whose family member enrolls, in a qualified health plan offered through a Marketplace. Claiming the premium tax credit may increase your refund or lower the amount...

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  • February 9, 2016

Getting Ready to File Your Tax Return: Health Coverage Exemptions and Payments

The Affordable Care Act requires you and your dependents to have health care coverage, an exemption from the coverage requirement, or make a shared responsibility payment for any month without coverage or an exemption with your return. This law...

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  • January 20, 2016

Four Things to Know about Advance Payments of the Premium Tax Credit

When you enroll in coverage through the Marketplace during Open Season, which runs through Jan. 31, 2016, you can choose to have monthly advance credit payments sent directly to your insurer. If you get the benefit of advance credit...

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  • November 20, 2015

Premium Tax Credit: Are You Eligible?

The premium tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes. Answer these yes-or-no to find out if you may be eligible for the premium tax credit. For the graphic version of...

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  • October 29, 2015

How Your Income Affects Your Premium Tax Credit

You are allowed a premium tax credit only for health insurance coverage you purchase through the Marketplace for yourself or other members of your tax family. However, to be eligible for the premium tax credit, your household income must...

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  • September 30, 2015

Taxpayers Will Use New Information Statement to claim Premium Tax Credit

The Affordable Care Act is bringing several changes to the tax filing season this year, including a new form some taxpayers will receive. If you or anyone in your household enrolled in a health plan through the Health Insurance...

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  • February 12, 2015