Ways the Premium Assistance Tax Credit affects marginal tax rates

10/10/2013 | Nerd's Eye View blog

The impact of the Premium Assistance Tax Credit, which subsidizes the cost of insurance for lower-income individuals who purchase health insurance from a state insurance exchange, on someone's marginal tax rate will depend on where that person falls on the income spectrum, writes Michael Kitces. This makes tax planning far more important for individuals and couples claiming the tax credit.

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