The premium tax credit helps eligible individuals and families pay the premiums for health coverage purchased through the Health Insurance Marketplace. To get this credit, users must meet certain requirements and file a tax return with Form 8962.
Enhanced Premium Tax Credits were created in 2021 that allowed more people to access the Marketplace at a lower cost, but without Congressional action they will end in 2025 and not be available next year. To see an estimate of what plans will cost in 2026, use this link.
