IRS Announces Indexed Applicable Percentages for Calculating Subsidies

Revenue Procedure 2014-62 provides the indexed applicable percentage table in Section 36B(b)(3)(A) used to calculate an individual’s premium tax credit for taxable years beginning after calendar year 2015.

Document Excerpt

 This revenue procedure provides indexing adjustments for certain provisions under sections 36B and 5000A of the Internal Revenue Code. In particular, it updates the Applicable Percentage Table in § 36B(b)(3)(A)(i) to provide the Applicable Percentage Table for 2016. This table is used to calculate an individual’s premium tax credit. This revenue procedure also updates the required contribution percentage in § 36B(c)(2)(C)(i)(II) for plan years beginning after calendar year 2015.


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