@Tommy EV @Critter-3 @Anonymous TT rep Benjamin's misguided response (quoting IRS guidance that you get no credit once you go above 400%) seems to stem from selective reading of old and new language that the IRS has cobbled together in both the Instructions and their "Eligibility for the Premium Tax Credit" web page.
It is unfortunate that IRS staff wrote the language in this manner. I understand why they do it that way. It makes the documents easy to edit in future years when the law reverts back. You just strike the sentences that you inserted to deal with 2021 and 2022 and you're done.
But didn't Congress allocate money specifically to deal with the 400% "cliff" through 2025? If so, then even the current IRS guidance isn't up to date on this matter. And knowledge of that having been signed into law would further underscore that those of us at 400%+ only have to spend 8.5% on health insurance premiums.
