WebInternal Revenue Code Section 36B(c)(2)(B) Refundable credit for coverage under a qualified health plan. (a) In general. In the case of an applicable taxpayer, there shall be allowed as … WebFor more contact on the credit, see our your and answers on what the recognition is, who is qualified for items and how to report and claim it. These updated questions and answers were freed to aforementioned public includes Fact Sheet 2024-13PDF, February 24, 2024.

Questions and Answers on the Premium Tax Credit

Web26 May 2024 · Sec. 36B allows a premium tax credit to eligible individuals who enroll themselves, their spouse, or any dependent in a qualified health plan through a federal … WebI.R.C. § 36B (c) (1) (A) In General —. The term “applicable taxpayer” means, with respect to any taxable year, a taxpayer whose household income for the taxable year equals or … nicolas godbout polymtl

Tax Court in Brief Henry v. Comm

WebFor purposes of section 36B, an employee who may enroll in an eligible employer-sponsored plan (as defined in section 5000A(f)(2)) and an individual who may enroll in the plan because of a relationship to the employee (a related individual) are eligible for minimum essential coverage under the plan for any month only if the plan is affordable and … Web6 Apr 2024 · plans offered within the exchange and the availability of the premium tax credits under section 36B of the Internal Revenue Code of 1986, 26 U.S.C. 36B, and cost-sharing reductions under section 1402 of the Affordable Care Act; (3) Facilitate enrollment in qualified health plans, without suggesting that an individual select a particular plan; WebThe premium tax credit (PTC) is a refundable tax credit in the United States. It is payable by the Internal Revenue Service (IRS) ... (26 CFR part 1) under section 36B relating to the … nowhere to run martha reeves