RP-2024-35, table to calculate premium tax credit for calendar year 2025

Revenue Procedure 2024-35 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 2024-35 will be in IRB: 2024-39, dated 9/23/24.

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