IRS Publication 969

IRS Publication 969 explains how to handle your Premium Tax Credit (PTC), which helps lower-income individuals afford health insurance through the Marketplace. It clarifies requirements for reporting your health coverage, how to reconcile any advance payments received with your actual income, and the potential need to pay back some of that aid if your financial situation changes. The publication also details the roles of Form 1095-A (Health Insurance Marketplace Statement) and the steps to accurately complete your tax return, ensuring you receive the correct credit amount and comply with IRS regulations.