Obamacare Enrollees Can Keep Getting Premium Subsidies, IRS Says

People who need subsidies to help them afford Obamacare premiums can keep getting them despite changes made in the 2017 tax overhaul, the IRS said.

The IRS’s final rule, issued Tuesday, clarifies that the zeroing out of the personal exemption deduction under the Tax Cuts and Jobs Act doesn’t affect the ability of Affordable Care Act enrollees to get premium tax credit subsidies. The rule takes effect when it is published in the Federal Register and applies to taxable years beginning on or after Dec. 31.

Premium subsidies are essential to the ACA’s success. In early 2020, ...