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 Florida Dept of Revenue Insurance Premium Tax Incentives 2024

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[Music] hi i'm the tax geek and i'm back with more of your taxes oversimplified in this video we're going to take our first look at the affordable care act specifically the premium tax credit the premium tax credit is a refundable tax credit that you qualify for if you purchase health insurance through the federal or a state marketplace and your income falls within certain guidelines you can purchase health insurance pay the full premium and claim the entire credit when you file your tax return but most people elect to have an estimate of the credit advanced to them each month to offset their health insurance premiums you are eligible for a premium tax credit as long as you have no access to affordable health insurance either through the government or an employer when you sign up for health insurance through the marketplace you will answer a number of questions about your household size and income based on your answers you may be eligible for an advanced premium tax credit which can b

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