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2. Premium tax credit - Wikipedia

   en.wikipedia.org/wiki/Premium_tax_credit

   The premium tax credit (PTC) is a mechanism established by the Affordable Care Act (ACA) through which the United States federal government partially subsidizes the cost of private health insurance for certain lower- and middle-income individuals and families. The PTC is a refundable tax credit, and may be applied directly to the cost of ...

3. Cost sharing reductions subsidy - Wikipedia

   en.wikipedia.org/wiki/Cost_sharing_reductions...

   The premium tax credits were paid to approximately 8 million persons in 2017, out of the 10 million on the ACA exchanges. For those receiving the premium tax credit subsidies, there is little financial impact even from sizable increases in premiums, as the premium tax credit rises along with it.

4. Here's how Biden's rescue plan expands affordable health care

   www.aol.com/finance/heres-bidens-rescue-plan...

   Additionally, Biden’s plan endeavors to expand and increase the value of the Premium Tax Credit, a refundable credit that helps Americans cover the premiums for health insurance they got through ...

5. What are tax credits and how do they work? - AOL

   www.aol.com/finance/tax-credits-153012710.html

   As explained by Investopedia, tax deductions reduce your taxable income whereas tax credits reduce the amount of taxes owed. ... Premium tax credit. States also offer credits to taxpayers ...

6. How Do I Calculate My Premium Tax Credit? - AOL

   www.aol.com/finance/irs-form-8962-calculating...

   On line 24 you’ll write the total PTC. On line 25 you’ll write the advance payment of PTC amount. And on line 26 you’ll write the net PTC. If the amount on line 24 is greater than that on ...

7. Affordable Care Act tax provisions - Wikipedia

   en.wikipedia.org/wiki/Affordable_Care_Act_tax...

   The Premium Tax Credit (PTC) is a refundable tax credit, payable by the Internal Revenue Service (IRS) to qualifying individuals who have obtained healthcare insurance through a healthcare exchange (marketplace) in the tax year. It can be paid in advance directly to a healthcare insurance company to offset the cost of monthly health insurance ...