HCTT-2016-79: A Series of Yes-or-No Questions help you Determine Eligibility for the Premium Tax Credit

Internal Revenue Service (IRS) sent this bulletin at 12/07/2016 02:04 PM EST

IRS Tax Tips

December 7, 2016

Issue Number: HCTT-2016-79

Inside This Issue

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 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

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HCTT-2016-79: A Series of Yes-or-No Questions help you Determine Eligibility for the Premium Tax Credit

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Issue Number: HCTT-2016-79

Inside This Issue