The American Rescue Plan Act of 2021 (ARPA) expanded eligibility for the premium tax credit (PTC) by eliminating the phaseout for households with annual incomes of more than 400% of the federal poverty line for 2021 and 2022. The PTC is a refundable credit that helps you pay your premiums for health insurance purchased through the Health Insurance Marketplace. The IRA allows you to take advantage of the expanded PTC eligibility until 2025.
Also extended until 2025 is the ARPA provision that increased the amounts of the PTC you are eligible to receive by adjusting the percentage of annual income you are expected to contribute toward your health insurance premiums.