P1-U14 · PART 1 · SOURCE CYCLE 2026-2027
ACA and Premium Tax Credit
How to complete this unit
This unit uses 9 source-gated recall cards and 10 admissible practice questions. Complete the sequence in order; the unreleased wiki prose remains outside the learner path.
- 1 · LearnBuild the rule
Answer each recall prompt before opening it. Then learn the exact rule, test the controlling facts through four quick challenges, explore common questions, and finish with one own-words teach-back.
- 2 · ApplyUse it in context
Complete at least 10 mapped questions over two sessions. Review the explanation even when the answer is correct.
- 3 · ProveTest readiness
Use the Part 1 mock under time pressure. Return here for every flagged or missed concept before the next attempt.
Verified recall questions
Only cards whose complete question and answer were checked against exact primary-authority evidence appear here. Stable unit ownership gathers this lesson across 1 textbook collection.
Q1.Where must health coverage be purchased to qualify for the Premium Tax Credit?
Through a Health Insurance Marketplace.
Q2.Which Marketplace statement supplies information needed to reconcile advance Premium Tax Credit payments?
Form 1095-A, Health Insurance Marketplace Statement.
Q3.Who may generally claim the premium tax credit?
individuals who obtain qualifying health coverage through the Marketplace household income within the applicable percentage-of-poverty range not eligible for other minimum essential coverage such as affordable employer coverage or government coverage that makes them ineligible not claimed as a dependent by another taxpayer
Q4.What is household income for premium tax credit purposes?
modified AGI of the taxpayer plus modified AGI of individuals in the tax family who are required to file modified AGI generally starts with AGI and adds tax-exempt interest and certain foreign-income exclusions household size and income determine the applicable contribution percentage
Q5.Why must advance premium tax credit be reconciled on Form 8962?
APTC is paid during the year based on estimated eligibility Form 8962 compares the allowed PTC to APTC received excess APTC generally must be repaid up to applicable caps, and unused PTC may create an additional credit
Q6.When must a taxpayer file Form 8962 to claim or reconcile the premium tax credit?
when the taxpayer wants to claim PTC when anyone in the tax family received APTC when Marketplace coverage was obtained and reconciliation is needed even if no net PTC remains
Q7.Adrienne and Konnor are married and file jointly. Adrienne has $133,000 of self-employment income. Konnor earned $184,000 in wages. Compute the amount of their Additional Medicare Tax, if any.
$603
Q8.Which of the following taxpayers would be subject to the Additional Medicare Tax?
Lizzie, who files separately from her husband and earned $140,000 in wages.
Q9.The Premium Tax Credit is:
A refundable credit.
Ready to move on?
- ▸ Explain at least 80% of these 9 rules without opening the answer, twice on different days.
- ▸ Score 80% across 10 or more mapped questions over two sessions, not one memorized round.
- ▸ Complete a timed Part 1 mock and return to this unit if its concepts remain flagged or missed.
Use these checks to choose your next study action. They do not predict a PSI scaled score.