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13 wrz 2024 · Publication 974 covers the following general topics: What is the premium tax credit (PTC)? Who must file Form 8962. Who can take the PTC. Additional information to help you determine if your health care coverage is minimum essential coverage.
- Publication 974 (2023), Premium Tax Credit (PTC)
For purposes of the PTC, modified AGI is the AGI on your tax...
- Publication 974 (2023), Premium Tax Credit (PTC)
For purposes of the PTC, modified AGI is the AGI on your tax return plus certain income that is not subject to tax (foreign earned income, tax-exempt interest, and the portion of social security benefits that is not taxable).
9 paź 2024 · After completing Worksheets W and X in IRS Pub. 974, use the Simplified Calculation Method to compute your self-employed health insurance deduction and PTC.
The tax application includes 4 worksheets based on Publication 974, Premium Tax Credit, for taxpayers who take a self-employed health insurance deduction for health care premiums that qualify for the Premium Tax Credit (PTC).
Based on your entries in a return, you may be prompted to enter an amount for a self-employed health insurance deduction adjustment. This entry is necessary due to the calculations detailed on pages 56-72 of IRS Publication 974 Premium Tax Credit (PTC).
21 sty 2022 · The Premium Tax Credit (PTC) makes health insurance more affordable by helping eligible individuals and their families pay premiums for coverage purchased through the Health Insurance Marketplace (also referred to as the Marketplace or Exchange).
This credit helps eligible individuals and families afford their monthly health insurance premiums by reducing the amount of income tax owed or increasing their tax refund. Who should use Publication 974? This publication is designed for individuals and families who: Enrolled in a qualified health plan through the Marketplace in 2023.
