The National Directory of Certified Public Accountants

Ask A CPA - Affordable Care Act

2018-Premium Tax Credit

For 2018, you are required to have minimum essential health coverage through an employer plan, a government program, or other plan, or pay a penalty. The mandate does not apply after 2018. To help those of modest means pay premiums for coverage obtained from a government exchange (Marketplace), there’s a premium tax credit . Eligibility for this advanceable, refundable tax credit depends on your household income and other factors. The credit continues to be available even though the individual mandate ends after 2018.

If you need professional help with "Affordable Care Act" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.