IRS: PTC Payment Recipients Should Report Changes in Income or Family Size

The IRS this week issued a reminder to taxpayers who receive premium tax credit (PTC) advance payments, noting that some circumstance changes could result in the household owing additional money next April. A number of circumstances can result in a PTC recalculation, like a change in household income, family size, marital status, employer coverage, or address. After pointing out that reporting changes immediately can help taxpayers avoid owing extra money at tax