Which of the following statements is correct?

A) Taxpayers with household income which is more than 400% of the Federal Poverty Level are eligible to claim the premium tax credit.
B) The premium tax credit is only available when the taxpayer files his or her tax return.
C) The premium tax credit is designed to help eligible taxpayers pay some of their health insurance premium.
D) Taxpayers who receive a credit are not required to file a federal tax return.

Premium Tax Credit

A refundable credit that helps eligible individuals and families cover the premiums for their health insurance purchased through the Marketplace.

Household Income

Represents the total gross income of all members of a household, encompassing all sources of income including salaries, bonuses, dividends, and any other income streams before taxes.

Federal Poverty Level

A measure of income issued annually by the Department of Health and Human Services used to determine eligibility for various federal and state assistance programs.