If possible, could you also provide some monetary examples of what it means to get a tax credit, and what would need to be paid back if used?
In: 2
In other words, it’s a payment from the government that technically is an income tax credit (a payment towards income taxes) that is being distributed out before you file taxes.
In this context, instead of the health insurance subsidy being paid out all at once after the year ends, it’s being applied to your monthly premium.
Latest Answers