| Credit |
Meaning |
| Premium Tax Credit (PTC) |
A tax credit that helps eligible individuals and families cover the cost of their health insurance premiums purchased through the Health Insurance Marketplace. |
| Advance Premium Tax Credit (APTC) |
An advance payment of the Premium Tax Credit to help individuals and families afford their monthly health insurance premiums. |
| Reconciliation |
The process of comparing the Advance Premium Tax Credit received with the Premium Tax Credit calculated on your tax return. You may receive a refund or owe money based on the difference. |
| Alternative Calculation for Year of Marriage |
An option to calculate your Premium Tax Credit differently for the year you get married, which can affect how much credit you qualify for. |
| Alternative Calculation for Certain Individuals with Household Members with ITINs |
An option for certain individuals with household members who have Individual Taxpayer Identification Numbers (ITINs) to calculate their Premium Tax Credit differently. |
