The following article was published by the IRS.
The premium tax credit also known simply as PTC is a credit for certain people who enroll, or whose family member enrolls, in a qualified health plan offered through a Health Insurance Marketplace. Answer the yes-or-no questions in the chart or via accessible text and follow the arrows to find out if you may be eligible for the premium tax credit.
The current open season with the Health Insurance Marketplace is underway and runs through Jan. 31, 2017. You must enroll by Dec. 15, 2016 to have coverage begin on January 1, 2017.
Here are links to information and resources referenced in the graphic:
- Form 8962, Premium Tax Credit (PTC) and Instructions
- Information about the federal poverty line (FPL)
- Publication 974, Premium Tax Credit (PTC)
- Interactive Tax Assistant: Am I Eligible to Claim the Premium Tax Credit