Just in time for tax filing season, the IRS has made several updates to (and added several new) FAQs related to the health insurance premium tax credit. This refundable credit is designed to help eligible individuals and families with low or moderate income afford health insurance purchased through the Health Insurance Marketplace. The size of the premium tax credit is based on a sliding scale. Indeed, those who have a lower income may receive a larger credit to help cover the cost of their insurance. Visit https://bit.ly/3HXkepu to read the updated questions. We can also help you determine whether you qualify for the premium tax credit.
