Find out if the Premium Tax Credit can benefit you
The premium tax credit helps eligible individuals and families cover the premiums for insurance purchased through the Health Insurance Marketplace. You can choose to have all, some, or none of your estimated credit paid directly to your insurance company throughout the year.
The Affordable Care Act contains comprehensive health insurance reforms and includes tax provisions that affect individuals, families, businesses, insurers, tax-exempt organizations and government entities. These tax provisions contain important changes, including how individuals and families file their taxes. The law also contains benefits and responsibilities for other organizations and employers.
Individuals & Families
The law requires you and your dependents to have health care coverage, an exemption, or make a payment with your return. If you purchased coverage from the Health Insurance Marketplace, you may be eligible for the premium tax credit.
The Affordable Care Act includes requirements for employers regarding heath care coverage. The size and structure of your workforce determines your responsibility. However, if you have no employees, the following information doesn’t apply to you.
- ACA Information Center for Tax Professionals
- Individual Shared Responsibility Provision
- The Premium Tax Credit
- Small Business Health Care Tax Credit
- Employer Shared Responsibility Provisions
- Information Reporting by ALEs
- Information Reporting by Coverage Providers
- Information Returns - AIR Program