RP-2023-29, premium tax credit percentage table for 2024

23 Aug 2023 1:21 PM | Anonymous

Revenue Procedure 2023-29 provides the applicable percentage table in § 36B(b)(3)(A) of the Internal Revenue Code for taxable years beginning in calendar year 2024.  This table is used to calculate an individual’s premium tax credit under § 36B.  This revenue procedure also provides the indexing adjustment for the required contribution percentage in § 36B(c)(2)(C)(i)(II) for plan years beginning in calendar year 2024.  This percentage is used to determine whether an individual is eligible for affordable employer-sponsored minimum essential coverage under § 36B. 

Revenue Procedure 2023-29 will be published in Internal Revenue Bulletin 2023-37 on Sept. 11, 2023

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