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Premium Tax Credit
Plain English Summary
New proposed rules are being introduced that change how individuals qualify for the Premium Tax Credit (PTC) and how the credit is calculated. These changes will impact people who sign up for health insurance for themselves or their family through a Health Insurance Exchange and may be eligible for financial help. Agents should stay informed about these changes and prepare to assist clients with their health insurance enrollment and tax credit questions.
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This document contains proposed regulations that would amend regulations regarding an individual taxpayer's eligibility for a premium tax credit (PTC), the computation of a PTC, and an individual's tax liability due to excess advance payments of the PTC. The proposed regulations would affect taxpayers who enroll themselves or a family member in individual health insurance coverage through a Health Insurance Exchange and may be allowed a PTC for this coverage. This document also provides a notice of a public hearing on these proposed regulations.