Premium Tax Credit
A tax credit that can help you afford health coverage through the Health Insurance Marketplace. If you qualify for the premium tax credit based on your income estimate, you can take advance payments of the credit to lower your monthly premium payment. If you take more advance payments of the tax credit than you qualify for based on your final yearly income, you must repay the difference when you file your federal income tax return. If the amount of advance payments you take is less than the tax credit you qualify for based on your final income, you’ll get the difference as a refundable credit when you file your taxes.