Answered

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Choose the response that accurately completes the following sentence. A taxpayer claiming the Premium Tax Credit: May be claimed as a dependent on another person's return, as long as they are under age 27. May have employer-sponsored health care coverage. Must have household income for their family size that is less than 150% of the federal poverty level. Will receive a refund if the amount of the credit is larger than the tax they owe.

Sagot :

This question is about the Premium Tax Credit.

Premium Tax Credit is a refundable credit which helps eligible individuals to cover premium for their health insurance purchased.

An individual may qualify for PTC if he has household income of atleast 100% of federal poverty line. This is applicable to those individuals who have purchased coverage in health insurance marketplace in their state.

The correct answer is will receive a refund if the amount of the credit is larger than the tax they owe.

Learn more at https://brainly.com/question/16362980

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