Premium Tax Credit

GPTKB entity

Statements (27)
Predicate Object
gptkbp:instanceOf gptkb:tax_law
gptkbp:administeredBy gptkb:Internal_Revenue_Service
gptkbp:appliesTo health insurance purchased through Health Insurance Marketplace
gptkbp:benefit reduces monthly health insurance premiums
gptkbp:canBeReceivedAs advance payment
reconciliation on tax return
gptkbp:claimMethod filed with annual federal tax return
gptkbp:compatibleWith Medicaid eligible individuals
those with access to affordable employer coverage
gptkbp:country gptkb:United_States
gptkbp:eligibility file federal tax return
not eligible for other affordable coverage
income between 100% and 400% of federal poverty level
gptkbp:establishedBy gptkb:Affordable_Care_Act
gptkbp:fiscalYear current tax year
https://www.w3.org/2000/01/rdf-schema#label Premium Tax Credit
gptkbp:introducedIn 2014
gptkbp:modulatedBy household size
income
gptkbp:publicLawNumber gptkb:IRS_Form_8962
gptkbp:purpose help individuals and families afford health insurance
gptkbp:regulates gptkb:IRS_regulations
gptkbp:relatedTo gptkb:Health_Insurance_Marketplace
gptkb:Affordable_Care_Act
gptkbp:repaymentRequirement may have to repay excess credit if income increases
gptkbp:bfsParent gptkb:IRS_Form_8962
gptkbp:bfsLayer 5