WASHINGTON, Oct. 15 -- Internal Revenue Service has issued a proposed rule called: Premium Tax Credit.
The proposed rule was published in the Federal Register on Oct. 15 by Frank J. Bisignano, Chief Executive Officer.
Summary: This document contains proposed regulations that would amend regulations regarding an individual taxpayer's eligibility for a premium tax credit (PTC), the computation of a PTC, and an individual's tax liability due to excess advance payments of the PTC. The proposed regulations would affect taxpayers who enroll themselves or a family member in individual health insurance coverage through a Health Insurance Exchange and may be allowed a PTC for this coverage. This document also provides a notice of a public hearing ...