Which statement is true about APTC or PTC and tax filing?

• A. If you received APTC or want to claim PTC, you are required to file an income tax return and reconcile.
• B. You are not required to file any tax return.
• C. You must file only if you owe taxes.
• D. You must file a return but do not reconcile.

Answer: (A)

The essential idea is that premium tax credits received through the Marketplace must be reconciled when you file. If you got APTC during the year or want to claim the PTC, you are required to file a tax return and complete Form 8962 to reconcile the advance payments with the actual credit you qualify for based on your final income. This reconciliation shows whether the advance payments were overpaid (you may owe money back) or underpaid (you may receive additional credit). You must file to claim the PTC and to perform this reconciliation, even if you wouldn’t otherwise owe taxes. The other statements miss this key point because they suggest you might not need to file, or only file if you owe taxes, or file without reconciling.