IRS Updates Premium Tax Credit FAQs: New Affordability Guidelines for 2025
The IRS has updated its Frequently Asked Questions (FAQs) on the Premium Tax Credit, particularly regarding the affordability of employer coverage. This revision, reflected in Fact Sheet 2024-30, provides the necessary contribution percentage for determining the affordability of employer health plans for 2025.
The updated information is meant to assist employees and their family members in assessing whether their employer-provided health insurance meets affordability standards.
For more detailed information, visit the IRS Premium Tax Credit update page.
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