Advanced Premium Tax Credits (APTC)
A tax credit that can reduce what you pay for insurance through the Health Insurance Marketplace. You can use these tax credits, based on your estimate of your expected household income for 2016, to lower your monthly insurance bill (or "premium"). If at the end of the year you’ve taken more advance payments of the premium tax credit than you’re due based on your final income, you must repay the excess with your 2016 federal tax return. If you’ve taken less advance payments than you qualify for, you'll get the difference when you file your taxes.