Which of the following is true about the premium (health insurance) tax credit? a. The credit...

Which of the following is true about the premium (health insurance) tax credit? a. The credit is only available to unemployed tax payers b. The credit is available to all taxpayers who fall below 400% of their federal poverty guideline, regardless if they have health insurance provided by their employer. c. The credit is based upon how much of a health insurance plan premium is deemed affordable compared to a benchmark plan premium. d. The credit is available to all taxpayers who purchase health insurance through a federal or state exchange.

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Expert Solution

solution :

premium tax credit :

The premium tax credit is a refundable tax credit designed to help eligible individuals and families with low or moderate income afford health insurance purchased through the Health Insurance Marketplace, also known as the Exchange.

from the given options

option D is true

The credit is available to all taxpayers who purchase health insurance through a federal or state exchange.

ekkarill92 answered 1 year ago

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