The IRS has revised its FAQs regarding the premium tax credit, which assists low- and moderate-income families with health insurance premiums.
The updated information, found in Fact Sheet 2024-30 released this month, specifically addresses the affordability of employer coverage for employees and their family members.
Notably, the revision to question 11 specifies the required contribution percentage needed to assess whether employer coverage is considered affordable for plan years beginning in 2025. Learn more.