The IRS has posted a fact sheet to its website containing new and updated FAQs on the Premium tax credit (PTC). A PTC is available to certain low and moderate income individuals enrolling in a qualified health plan through the Health Insurance Marketplace. Taxpayers enrolling in Marketplace insurance may choose to have an estimated credit paid to their insurance company (the advance PTC) to lower the monthly premium the taxpayer is required to pay. Specifically, the new FAQs (questions 38–45) cover how unemployment compensation affects taxpayers claiming a PTC. Read the fact sheet here http://bit.ly/3ssjOk3 and contact us with any questions. Call or visit our website for more information! www.mjscpa.com/
