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Affordable Care Act Premium Tax Credit (PTC) 36B Return Preparer Best Practices (Updated 01/21/2016) Note: There are no special or specific due diligence requirements related to Affordable Care Act

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What is affordable care act premium?

The premium for the Affordable Care Act, also known as Obamacare, is the monthly payment you make to your health insurance company to keep your coverage active.

Who is required to file affordable care act premium?

Individuals or families who purchase health insurance through the Health Insurance Marketplace are required to file the Affordable Care Act premium.

How to fill out affordable care act premium?

You can fill out the Affordable Care Act premium by submitting the necessary forms provided by the Health Insurance Marketplace or your insurance company. It is important to accurately report your income and household information to ensure you receive the correct subsidy.

What is the purpose of affordable care act premium?

The purpose of the Affordable Care Act premium is to help individuals and families access affordable health insurance coverage and receive financial assistance through subsidies if they qualify based on their income.

What information must be reported on affordable care act premium?

You must report information related to your income, household size, and any changes in your circumstances that may affect your eligibility for subsidies or tax credits.

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