Irs affordable-care-actaffordable-careAffordable Care Act Tax Provisions Questions and Answers 2025

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  2. Begin by filling out the Applicant Information section. Enter your first name, last name, date of birth, SSN, phone number, current address, and email. Ensure all details are accurate for eligibility verification.
  3. In the Family & Household section, list all individuals who will be included on your 2019 income tax return. Provide their names, social security numbers, dates of birth, relationships to you, income details, and whether they are applying for coverage.
  4. Complete the Spouse Information section if applicable. Fill in similar details as required for the applicant.
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The ACA affects taxes in many ways, including the Premium Tax Credit (PTC), reporting requirements with Form 1095-A, Health Insurance Marketplace Statement, the additional Medicare tax on high earners, and the Net Investment Income Tax.
For purposes of the premium tax credit, your household income is your modified adjusted gross income for the year plus that of every other member of your family (see Q6) who is required to file a federal income tax return.
The maximum income to qualify for Obamacare in 2025 on healthcare.gov is $60,240 for an individual on their taxes, while for two people it is $81,760, for three people it is $103,280, and for four people it is $124,800.
How does health care reform affect me? If you get sick, an insurance company cannot cancel your policy. Health insurance companies cannot turn down your application because of your health status. Women can no longer be charged more for insurance than men.
If you enroll in an employer-sponsored plan, including retiree coverage, that is minimum essential coverage you are not eligible for the Premium Tax Credit for your Marketplace coverage, even if the employer plan is unaffordable or fails to provide minimum value.

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Report any changes in your income during the year to the Marketplace, so your credit can be adjusted and you can avoid any significant repayments at the end of the year.
An offer of employer-sponsored coverage generally makes an employee ineligible for a premium tax credit. The exception is if the employer-sponsored coverage is unaffordable or fails to meet the minimum value standard.
Why am I not seeing a Premium Tax Credit? 2020 Why am I not seeing a Premium Tax Credit? 2020 Your income is too low. To qualify for the credit, your income (Modified AGI) had to be at least 100% of the Federal Poverty Level, which is $19460 for a household size of two.

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