Premium Tax Credit Modifications (Sections 71301–71305)

Illinois — state programSee program

Modifies the Premium Tax Credit by removing limitations on repayment of excess advance payments for tax years beginning after Dec. 31, 2025, and eliminating certain rules that no longer apply after tax years 2020 and 2021.

Program details

Type: tax-credit
Eligibility: Taxpayers claiming the Premium Tax Credit for tax years beginning after Dec. 31, 2025.
Status: open
Administrator: IRS
More Info: https://www.irs.gov/newsroom/questions-and-answers-about-the-premium-tax-credit

Source: Illinois — state program. Confirm current terms with the administering agency before applying.

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