Hello,
Per the message below regarding individuals that received unemployment compensation for 2021:
- The taxpayer may be eligible for a premium tax credit (PTC) that covers the entire premium cost for the benchmark Marketplace plan for the whole household, regardless of the taxpayer’s actual household income amount.
Does this mean that the there will be no payback requirement of the PTC if the actual household income is substantially increased by the end of 2021? I understand the PTC will be figured on no more than 133% of the FPL...but I am trying to understand if a payback of the subsidy will be required if the income increases to over 400% of the FPL.
Thank you!
