Premium Tax Credit (PTC)

GPTKB entity

Statements (22)
Predicate Object
gptkbp:instanceOf gptkb:tax_law
gptkbp:administeredBy gptkb:Internal_Revenue_Service
gptkbp:appliesTo health insurance purchased through Health Insurance Marketplace
gptkbp:canBeReceivedAs advance payment
year-end tax credit
gptkbp:country gptkb:United_States
gptkbp:eligibility household income
filing status
family size
access to other minimum essential coverage
federal poverty level
gptkbp:establishedBy gptkb:Affordable_Care_Act
https://www.w3.org/2000/01/rdf-schema#label Premium Tax Credit (PTC)
gptkbp:introducedIn 2014
gptkbp:notAvailableIf eligible for Medicaid
eligible for employer-sponsored coverage
gptkbp:purpose help individuals and families afford health insurance
gptkbp:reduces cost of monthly health insurance premiums
gptkbp:repaymentRequiredIf advance payments exceed actual credit
gptkbp:reportsTo gptkb:IRS_Form_8962
gptkbp:bfsParent gptkb:Form_8962
gptkbp:bfsLayer 8