The Affordable Care Act’s enhanced premium tax credits (PTCs) have now expired. The IRS recently updated its FAQs on PTCs. In a nutshell, a taxpayer can elect to have the federal government pay an advanced PTC directly to the insurer based on his or her estimated annual income. The advanced PTC is then reconciled with the taxpayer’s actual income at tax filing time, and the taxpayer must pay back any excess PTCs. Before 2026, a repayment cap limited the amount of excess PTC that had to be paid back. Generally, the FAQ updates were made to questions related to the cap because it’s been removed for tax years beginning after Dec. 31, 2025. Read the FAQs: https://bit.ly/4pokxNA. Contact the Cg Team to learn more. © 2026