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Advanced Course > Premium Tax Credit

Tax Provisions for the Premium Tax Credit

This lesson covers the tax provisions of the Premium Tax Credit (PTC). You will learn how to determine if taxpayers are eligible to receive the PTC.

Starting with the 2019 tax year, the individual Shared Responsibility Payment (SRP) is reduced to zero. Taxpayers who do not have health insurance coverage during 2019 or later do not require an exemption to avoid the SRP.

Click the Skills Workout button to learn more about the PTC.

Skill Check

Check your understanding of the premium tax credit. Indicate whether each of the statements below is true or false by clicking on the correct answer. To check your answers, click the Check My Answers button at the bottom of the page.

  1. Keith is retired and covered by Medicare. His wife Kathy is too young for Medicare. Even though Keith is on Medicare, Kathy can get a premium tax credit (PTC) if she enrolls in coverage through the Marketplace (and is otherwise eligible for a PTC).
  • A.
  • B.
  1. Sandy's income is 300 percent of the federal poverty line (FPL) for her family size. She purchased health insurance through her employer. Sandy is eligible to take the PTC for her coverage.
  • A.
  • B.