All in Tax
In general, if you purchase health insurance through the Marketplace, you don’t qualify for any premium assistance when your income is too high. However, for 2021 and 2022, if your household income is more than 400% of the federal poverty line (FPL), you may be eligible to claim the premium tax credit (PTC) and will not pay more than 8.5% of your income for coverage.
Will we be getting a fourth round of stimulus checks? According to analysis from CBS Detroit, a fourth round is unlikely.
The IRS acknowledged in a statement on its website that 260,000 such letters were sent out by mistake. If you received such a letter, you do not need to do anything. You do not need to call or respond to the IRS in any way. The IRS is still continuing to process their backlog of 2019 tax returns.
