Basics
Understanding Enhanced Premium Tax Credits – Tax Series Part 4 of 7
Health Care Tax
Published on March 3, 2025
Explore This BasicThe original Premium Tax Credit (PTC) is an advanceable refundable tax credit designed to help eligible individuals and families afford health insurance purchased through the Health Insurance Marketplace. Established under the Affordable Care Act (ACA), the PTC has undergone significant enhancements to increase accessibility and affordability of health coverage. The goal has been to ensure more Americans have access to quality healthcare by reducing the cost of monthly insurance premiums. Since its inception, the program has evolved through legislative updates, expanding eligibility, and increasing subsidies, making it one of the key mechanisms for maintaining broad health coverage in the U.S.
- American Cancer Society Cancer Action Network: ACA Enhanced Tax Credits Fact Sheet
- American Cancer Society Cancer Action Network: Cancer Survivor Views Survey on ACA Enhanced Tax Credits
- Center on Budget and Policy Priorities: Premium Tax Credit Improvements Must Be Extended to Prevent Steep Rise in Healthcare Costs
- Centers for Medicare and Medicaid Services: Inflation Reduction Act and Medicare
- Commonwealth Fund: If Federal Premium Tax Credits Expire, State Affordability Programs Won’t be Enough to Stem Widespread Coverage Losses
- Congress.gov: H.R.5376 The Inflation Reduction Act of 2022
- Congressional Research Service: Enhanced Premium Tax Credit Expiration FAQs
- IRS: The Premium Tax Credits
- IRS: Eligibility for the Premium Tax Credit
- Kaiser Family Foundation: District-by-District eAPTC Map
- Keep Americans Covered: eAPTC State Specific Data
- Robert Wood Johnson Foundation: Health Insurance Coverage in Farm Country
- Urban Institute: Who Benefits From Enhanced Premium Tax Credits in the Marketplace