Premium Tax Credit – Quick Eligibility Check
To qualify, the client must:
Be enrolled in a Marketplace plan for at least 1 month
Not have access to affordable employer coverage or government programs (Medicare, Medicaid, CHIP, TRICARE)
Have premiums paid (either by the client, someone else, or via advance credit) by the tax return due date
Have household income between 100% – 400% of the Federal Poverty Line (FPL)
Exception: For 2021, unemployment benefits may automatically qualify them
Not file as Married Filing Separately, unless exempt due to domestic abuse or spousal abandonment.
Not be claimed as a dependent
Have purchased coverage through the Marketplace (no credit for off-Marketplace plans)
Note: Use Form 8962 to claim the credit and keep income and coverage documentation.