premium tax credit Archives

Preparation

The Premium Tax Credit: History, Recent Developments, and Future Prospects

The premium tax credit (PTC) is a cornerstone of the Affordable Care Act (ACA), designed to make health insurance more affordable for middle-income Americans. As a refundable credit, the PTC helps individuals and families purchase health insurance through the Health Insurance Marketplace, directly impacting the affordability of healthcare coverage. This article explores the history of the PTC, recent developments, and future prospects, provid... Cody Adams, EA

Winter 2024, Preparation, premium tax credit, ACA, PTC, Health Insurance Marketplace, Affordable Care Act, Medicare, Medicaid, ARPA, American Rescue Plan Act of 2021

Capitol Corner

The Super Bowl of Tax

Congress has been gearing up and preparing for 2025 in what is expected to be a monumental year for tax legislation – the “Super Bowl of Tax.” With changes made by the Tax Cuts and Jobs Act of 2017 (TCJA) scheduled to expire at the end of n... Thad Inge, Samantha Ford, and Michelle McCaughey

Winter 2024, Capitol Corner, Revenue Procedure 2021-18, additional child tax credit, §401, ACTC, specified service trade or business, CTC, SSTB, child tax credit, federal poverty level, adjusted gross income, FPL, AGI, New Market Tax Credit, TCJA, Robert T. Stafford Disaster Relief and Emergency Assistance Act, NMTC, Tax Cuts and Jobs Act, premium tax credit, empowerment zone, advocacy, PTC, work opportunity tax credit, §199A, Inflation Reduction Act, WOTC, SALT

The PTC, Itemized Deductions, Employer Leave-Based Donation Programs, Tracking Refunds, and Bribes

Tax News Briefs

The PTC, Itemized Deductions, Employer Leave-Based Donation Programs, Tracking Refunds, and Bribes

Premium Tax Credit Regulations Amended Wages are deductible by a C corporation in computing taxable income, but dividends are not. In a closely held corporation, the owners might decide to take ... TheTaxBook

July/Aug 2022, Tax News Briefs, Ukraine, ACA, temporary protected status, c corporation, PTC, §170(c), refund, Health Insurance Exchange, bribe, Tax Court, Executive Order 14009, Thailand, property, Strengthening Medicaid and the Affordable Care Act, Form W-2, §36B(c)(2)(C)(i), §63(e)(1), §6663, §63(e)(2), business expense, §36B, employer leave-based donation program, premium tax credit