Monthly Archives: August 2014

Affordable Care Act – Key percentages updated for 2015

The IRS recently released Revenue Procedure 2014-37.  This pronouncement adjusts a number of provisions of the Affordable Care Act which are required to be indexed.

The Applicable Percentage Table which is used to calculate an individual’s premium tax credit was adjusted as follows:

Household income percentage of Federal poverty line: Initial percentage Final percentage
Less than 133% 2.01% 2.01%
At least 133% but less than 150% 3.02% 4.02%
At least 150% but less than 200% 4.02% 6.34%
At least 200% but less than 250% 6.34% 8.10%
At least 250% but less than 300% 8.10% 9.56%
At least 300% but not more than 400% 9.56% 9.56%

If the household income is less than 400% of the Federal poverty line, the family qualifies for a federal premium tax credit.  …

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