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It also details advance payment reconciliation, repayment limits when APTC is received in excess, and actions required to reconcile prior-year credits using Forms 1095-A and 8962.",{"@graph":14,"@context":72},[15,34,55],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/presentations/","Presentations",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/aca-tax-webinar-part-ii-premium-tax-credits-advanced-certification/302296/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/aca-tax-webinar-part-ii-premium-tax-credits-advanced-certification/302296.png","ImageObject",442,249,{"name":42,"@type":43},"Clementine","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-09-25","2026-09-19",true,{"@type":52,"interactionType":53,"userInteractionCount":26},"InteractionCounter",{"@type":54},"ViewAction",{"@type":56,"mainEntity":57},"FAQPage",[58,64,68],{"name":59,"@type":60,"acceptedAnswer":61},"What is the Premium Tax Credit (PTC)?","Question",{"text":62,"@type":63},"The PTC is a tax credit that helps lower the cost of private health coverage for people who buy insurance through a federal or state Health Insurance Marketplace. Advanced payments are made based on expected household and income, and the actual credit is claimed on the tax return.","Answer",{"name":65,"@type":60,"acceptedAnswer":66},"What eligibility requirements apply to the Premium Tax Credit for 2015?",{"text":67,"@type":63},"To receive a premium tax credit for 2015, a person must enroll in a Marketplace plan, have income between 100 and 400 percent of the federal poverty line, have an eligible filing status, and be ineligible for other minimum essential coverage. It cannot be claimed on a dependent return, and it cannot generally be claimed by Married Filing Separately.",{"name":69,"@type":60,"acceptedAnswer":70},"What happens if a taxpayer receives too much or too little in advance payments of PTC?",{"text":71,"@type":63},"If no PTC is taken in advance or only part is claimed, the remainder may be claimed on the tax return, and the PTC is refundable. If excess advance payments are received, some or all must be paid back, subject to repayment limits based on income as a percentage of FPL.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},302296,1790375313,{"code":4,"msg":81,"data":82},"success",[83,87,92,97,102,107,112,117,122],{"id":84,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":85,"slug":86},11,90,"presentations",{"id":88,"doc_module":22,"doc_module_name":25,"category_name":89,"show_sort_weight":90,"slug":91},12,"Resumes",80,"resumes",{"id":93,"doc_module":22,"doc_module_name":25,"category_name":94,"show_sort_weight":95,"slug":96},14,"Invoices",70,"invoices",{"id":98,"doc_module":22,"doc_module_name":25,"category_name":99,"show_sort_weight":100,"slug":101},15,"Posters",60,"posters",{"id":103,"doc_module":22,"doc_module_name":25,"category_name":104,"show_sort_weight":105,"slug":106},16,"Social Media",50,"social-media",{"id":108,"doc_module":22,"doc_module_name":25,"category_name":109,"show_sort_weight":110,"slug":111},17,"Forms",40,"forms",{"id":113,"doc_module":22,"doc_module_name":25,"category_name":114,"show_sort_weight":115,"slug":116},18,"Letters",30,"letters",{"id":118,"doc_module":22,"doc_module_name":25,"category_name":119,"show_sort_weight":120,"slug":121},21,"Paper Templates",5,"papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":81,"data":127},{"doc_id":78,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":84,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":26,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":135,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":140,"read_time":93},1374391974564,"https://ap-avatar.wpscdn.com/avatar/14000253aa45c000a9e?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779874745381141002","Part II – Advanced Certification:  \nPremium Tax Credits  \nNovember 2 , 2015  \nOur Guest Presenter  \n• William (Bill) Smits, ACA Outreach Coordinator, IRS-SPEC  \nImportant Notes:  \n• Only Bill shares the views of the IRS.  \n• All other statements and slides are not endorsed by the IRS.  \nAgenda  \n• Basics of the premium tax credit  \n• Understanding Forms 1095-A and 8962  \n• Common questions  \n• Example  \nDraft forms and instructions:  \n• Form 8962, Premium Tax Credit  [https://www.irs.gov/pub/irs-dft/f8962--dft.pdf](https://www.irs.gov/pub/irs-dft/f8962--dft.pdf)  \n• Form 8962 Instructions [https://www.irs.gov/pub/irs-dft/i8962--dft.pdf](https://www.irs.gov/pub/irs-dft/i8962--dft.pdf)  \nWhat is the Premium Tax Credit?  \nWhat is a Premium Tax Credit (PTC)?  \n• The PTC is a tax credit that helps lower the cost of private health coverage for people purchasing insurance in a federal or state Health Insurance Marketplace.  \n• Advanced payments of the PTC are made based on the taxpayer’s expected household and income (modified AGI, or MAGI) for the year during the application process.  \n• The actual PTC is claimed on the tax return.  \n\n| PTCs can be taken in advance: Forwarded to insurer monthly to reduce premiums |  |  | OR at tax time:\u003Cbr>Claimed as a lump sum at the end of the year |  |\n| --- | --- | --- | --- | --- |\n| Treasury |  |  |  |  |\n| \u003Cbr>$ |  |  | \u003Cbr>$ |  |\n| Advance |  |  | Monthly |  |\n| |  | PTC | Premium |  |\n| Reconciliation |  |  |  |  |\n| (at tax time) | |  | | IRS |\n| Premium |  |  | (at tax time) |  |\n\nEligibility Criteria for the Premium Tax Credit (PTC)  \nTo receive a premium tax credit for 2015, a person must:  \n1. Enroll in a Marketplace plan  \n2. Have income between 100 and 400 percent of the federal poverty line (FPL)  \n• Individual: $11,670- $46,680 Family of four: $23,850- $95,400  \n• Exceptions for some people below 100% FPL  \n3. Have an eligible filing status  \n• PTC cannot be claimed by a person who is Married Filing Separately  \n*Exceptions for abused or abandoned spouses  \n• PTC cannot be claimed on a dependent return (whoever claims an individual’s personal exemption can claim their PTC)  \n4. Be ineligible for other minimum essential coverage (MEC)  \n• Not eligible for Medicare or most Medicaid/CHIP or affordable employersponsored coverage (regardless of whether the person is actually enrolled)  \nReceiving Too Much or Too Little in Advance Payments of PTC  \n• If no PTC is taken in advance, or if only a portion of the PTC is claimed in advance, the remainder may be claimed on the tax return. The PTC is refundable.  \n• If a taxpayer receives excess advance payments of the PTC, some or all of it must be paid back.  \n\n| REPAYMENT LIMITS ON APTC |  |  |\n| --- | --- | --- |\n| Income\u003Cbr>(as % of FPL) | SINGLE taxpayers will pay back no more than … | OTHER taxpayers will pay back no more than…. |\n| Under 200% | $300 | $600 |\n| At least 200% but less than 300% | $750 | $1,500 |\n| At least 300% but less than 400% | $1,250 | $2,500 |\n| 400% and above | None: Full repayment | None: Full repayment |\n\nFailure to Reconcile for 2014  \n• A person who receives APTC agrees to file a tax return and reconcile  \n• 1.8 million consumers who received APTC in 2014 failed to reconcile the credit by the end of May.  \n• If a person has not reconciled, they need to file a tax return ASAP to retain or reinstate their APTC for 2016. (Even if the IRS has not yet processed the return, the applicant can attest to filing on their Marketplace application once they've done so.)  \n→ File the tax return and return to the Marketplace by Dec. 15 for January 1 coverage.  \n→ File the tax return and return to the Marketplace between Dec. 16 – Jan. 15 for APTC to begin February 1.  \n→ File the tax return and return to the Marketplace between Jan. 16 – Feb. 15 for APTC to begin March 1.  \n• If a taxpayer failed to file for TY 2014, consider preparing the prior-year return early in the season, even if those returns would normally be delayed u","cbCaikoR3TUZGgEO","https://ap.wps.com/l/cbCaikoR3TUZGgEO","pdf",4111253,39,"English","# Basics of the Premium Tax Credit\n## Understanding Forms 1095-A and 8962\n## Common questions\n## Example\n# Draft forms and instructions\n## Form 8962, Premium Tax Credit\n## Form 8962 Instructions\n# Eligibility Criteria for the Premium Tax Credit (PTC)\n# Receiving Too Much or Too Little in Advance Payments of PTC\n# Failure to Reconcile for 2014\n# Form 1095-A","[{\"question\":\"What is the Premium Tax Credit (PTC)?\",\"answer\":\"The PTC is a tax credit that helps lower the cost of private health coverage for people who buy insurance through a federal or state Health Insurance Marketplace. Advanced payments are made based on expected household and income, and the actual credit is claimed on the tax return.\"},{\"question\":\"What eligibility requirements apply to the Premium Tax Credit for 2015?\",\"answer\":\"To receive a premium tax credit for 2015, a person must enroll in a Marketplace plan, have income between 100 and 400 percent of the federal poverty line, have an eligible filing status, and be ineligible for other minimum essential coverage. It cannot be claimed on a dependent return, and it cannot generally be claimed by Married Filing Separately.\"},{\"question\":\"What happens if a taxpayer receives too much or too little in advance payments of PTC?\",\"answer\":\"If no PTC is taken in advance or only part is claimed, the remainder may be claimed on the tax return, and the PTC is refundable. If excess advance payments are received, some or all must be paid back, subject to repayment limits based on income as a percentage of FPL.\"}]","ACA Tax Webinar - Part II - Premium Tax Credits - Advanced Certification | PDF",1789791700]