Today, the IRS issued updated FAQs in Fact Sheet 2025-10 related to changes to the premium tax credit made under the One Big Beautiful Bill ("OBBB") and to related provisions that no longer apply.

The Premium Tax Credit is a refundable tax credit that helps eligible individuals and families with low or moderate income with the cost of their health insurance purchased through the Exchange. OBBB made a number of changes to the Premium Tax Credit, including removing the limitations on repayment of excess advance payments of the premium tax credit for tax years beginning after Dec. 31, 2025.

The IRS also updated the FAQs to delete the questions about certain Premium Tax Credit rules that do not apply after tax years 2020 and 2021.

Here is a link to the FAQs: Updates to Questions and Answers about the Premium Tax Credit