How to detemine advanced payment of PTC percentage

To determine the advanced payment of the Premium Tax Credit (PTC) percentage:

Use the PTC calculator found here. It is based on the following steps:

1. Calculate your household income as a percentage of the federal poverty line (FPL).
2. Use IRS tables to see what percentage of your income you need to pay towards health insurance premiums.
3. Look up the cost of the Second Lowest Cost Silver Plan (SLCSP) in your area.
4. Multiply your income by the percentage from step 2 to find out the most you should pay for the SLCSP.
5. Subtract your max payment from the SLCSP premium. The result is your Premium Tax Credit (PTC).

For more details, check the IRS FAQ on PTC  or IRS Guide on Claiming PTC.

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