![]() Have household income that falls within a certain range.You are eligible for the premium tax credit if you meet all of the following requirements. Keep any supporting documentation related to receiving or the approval to receive unemployment compensation with your tax return records. ![]() If you, or your spouse (if filing a joint return), received, or were approved to receive, unemployment compensation for any week beginning during 2021, the amount of your household income is considered to be no greater than 133% of the federal poverty line for your family size and you are considered to have met the household income requirements for eligibility for a premium tax credit. To get this credit, you must meet certain requirements and file a tax return with Form 8962, Premium Tax Credit (PTC).Ģ0 PTC Eligibility. For tax years 20, the American Rescue Plan Act of 2021 (ARPA) temporarily expanded eligibility for the premium tax credit by eliminating the rule that a taxpayer with household income above 400% of the federal poverty line cannot qualify for a premium tax credit.Ģ021 Unemployment Compensation. The premium tax credit – also known as PTC – is a refundable credit that helps eligible individuals and families cover the premiums for their health insurance purchased through the Health Insurance Marketplace. More information is available in the IRS Statement about Letter 6534. The IRS will soon mail letters on behalf of the Center for Medicare & Medicaid Services, sharing information about obtaining Marketplace healthcare coverage.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |