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IRS Issues Guidance on Sec. 36B Premium Tax Credit Under TCJA

October 19, 2018

The U.S. Internal Revenue Service (IRS) explained how taxpayers who may be eligible for the Sec. 36B premium tax credit or who may have to pay the Sec. 5000A shared-responsibility payment should determine their status now that the law known as the Tax Cuts and Jobs Act, P.L. 115-97, has reduced the personal exemption deduction under Sec. 151 to zero. Click here for more information.