IR-2024-244: IRS provides an update to frequently asked questions for the Premium Tax Credit

IRS Newswire September 19, 2024
News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News Home IRS Resources Contact My Local Office Filing Options Forms & Instructions Frequently Asked Questions News Taxpayer Advocate Where to File IRS Social Media	Issue Number:    IR-2024-244 Inside This Issue IRS provides an update to frequently asked questions for the Premium Tax Credit WASHINGTON —The Internal Revenue Service today updated its frequently asked questions (FAQs) in Fact Sheet 2024-30 for the Premium Tax Credit.  These FAQs supersede earlier FAQs that were posted in FS 2024-04 on Feb. 9, 2024.  Today's revision is under the Affordability of Employer Coverage for Employees and for Family Members of Employees section, specifically Q11, to provide the required contribution percentage for determining whether employer coverage is considered affordable for plan years beginning in 2025. The revision is based on Revenue Procedure 2024-35.  More information about reliance is available.   Back to Top         Thank you for subscribing to the IRS Newswire, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.

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