IRS updates Premium Tax Credit FAQs

Andrew Harrer/Bloomberg

Frequently asked questions in IRS Fact Sheet 2025-10 have been updated reflecting changes to the Premium Tax Credit made under the One Big Beautiful Bill Act to provisions that no longer apply.

The Premium Tax Credit is a refundable tax credit that helps individuals and families of low or moderate income with the cost of their health insurance purchased through the Health Insurance Marketplace, a.k.a. the Exchange. The OBBBA made a number of changes to the credit, including removing the limitations on repayment of excess advance payments of the premium tax credit for tax years beginning after Dec. 31 this year.

The revisions and additions:

• Update questions related to the limitations on repayment of excess advance payment of the Premium Tax Credit due to the removal of the limitations for tax years after 2025;
• Updates throughout for minor style clarifications and topic/question renumbering; and,
• Deletion of Questions 32 and 35-49 about certain Premium Tax Credit rules that no longer apply.

For more information, visit One, Big, Beautiful Bill Provisions on IRS.gov.