INSURANCE PREMIUM TAX CREDITS

The Affordable Care Act provides tax credits to lower- and moderate-income individuals and families who enrolled in health insurance through the Massachusetts Health Connector. These Advance Premium Tax Credits (APTCs) are subsidies that lower the cost of your monthly health insurance premiums, which HDAP/CHII may have paid on your behalf.

The amount of APTCs you received, if any, were based on the income you estimated during the previous year when you enrolled in health insurance through the Massachusetts Health Connector. If you did not receive any APTCs, you may be eligible to claim a Premium Tax Credit when you file your federal income taxes and thus may be eligible for a refund.

Did you miss the CRI & DPH Premium Tax Credit Webinar on January 9, 2017?
Download the presentation slides and view the full webinar now.


USEFUL LINKS

IRS Form 1040, Individual Income Tax Return (downloadable, fillable form)
IRS Form 8962, Premium Tax Credit (PTC) (downloadable, fillable form)
IRS Form 8962, Premium Tax Credit (PTC) Instructions
Massachusetts Health Connector, Tax Information: Health coverage and your 2016 taxes

For questions about Premium Tax Credits, please contact IDDAP's BRIDGE staff at 617.502.1700, extension 5005.