What is the ObamaCare Tax Credit Income Limit?
Is there a limit to the amount of income I can make in order to qualify for a Tax Credit under ObamaCare? I am single and live alone with no children or dependents. Thank you.
Answer
Yes. ObamaCare Premium Tax Credit Subsidies are only available to those making between 100%-400% of the Federal Poverty Level. For 2014-2015, this means that if the income for a one-person household is over $46,680 you will not qualify for Premium Tax Credits.