Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Premium Tax Credit Workout

Premium Tax Credit

Skills Warm Up: Determining PTC

Question 1 of 1

Patrick is single and has no dependents. In November, the Marketplace projected his household income for the following tax year to be 200% of the Federal Poverty Line (FPL). Patrick enrolled in a qualified health plan. The Marketplace determined he was eligible for advance payments of the premium tax credit, but he decided to claim the credit on the return. Patrick began a new job in August of the tax year and became eligible for employer-sponsored coverage on September 1st.

Is he eligible for the premium tax credit?