Advance Premium Tax Credit. (APTC) means a tax credit that can help an individual afford coverage purchased through the Marketplace. Unlike tax credits that are claimed when filing taxes, these tax credits can be used right away to lower monthly Premiums. If you qualify for APTC payments, you may choose how much to apply to your Premiums each month, up to a maximum amount. If the amount of advance credit payments you get for the year is less than the tax credit you are due, you will get the difference as a refundable credit when you file your federal income tax return. If your advance payments for the year are more than the amount of your credit, you must repay the excess advance payments with your tax return.
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