The IRS today released an advance version of Rev. Proc. 2019-29 providing indexing adjustments to provisions under section 36B.
In general, section 36B provides a refundable premium tax credit to help individuals and families afford health insurance through affordable insurance exchanges.
Rev. Proc. 2019-29 [PDF 51 KB] sets out the applicable percentage table for 2020, and provides the required contribution percentage is 9.78% for plan years beginning in 2020.
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