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Premium Tax Credit Estimator 2027 | Jodi McLaren
ACA premium tax credit · 2027 coverage year

PTC Estimator 2027 Example figures

Enter each person's business income, expenses and W-2 wages. The estimator builds MAGI step by step, shows where you sit against the 400% poverty-line cliff, and estimates your credit and net monthly premium.

Before you start

You don't need to apply for coverage first. You'll need three numbers (and a fourth, optional one if you're already enrolled). Each field below has a “How do I find this?” link.

  1. The benchmark premium for your area and household (step 1). You can look it up with your ZIP code and ages, or type your own
  2. The full monthly price of the plan you have or are considering (step 1)
  3. Your best estimate of your income for the year (step 2)
  4. Optional: if you're already enrolled, the advance credit you receive each month (step 1)

A good order: look up your prices, use this estimator to see how your income and deductions change your credit, then apply (or update your application) with your best honest estimate of income. If you've already applied, you can use this to double-check your numbers. Using it doesn't enroll you in anything, and your numbers stay in your browser. The one exception is the optional benchmark lookup, which sends only your ZIP code and ages (not your income).

MAGI
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Distance to 400% cliff
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Monthly credit
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You pay per month
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1

Household and plan

States use different poverty tables (Alaska, Hawaii), and some offer extra premium help.
Household size for the credit: 2 (you and your spouse)

Look up your benchmark premium (optional)

Optional. This sends only your ZIP code and ages (not your income) to HealthCare.gov’s public plan data through my website, and nothing is saved. You can always skip it and type your own number below.

Second-lowest-cost silver plan for everyone enrolling. Use the figure from the Marketplace quote, since it depends on each person's age.
The full price of the plan you chose, before any credit.
How do I find these three numbers?

Benchmark premium (SLCSP)

What it is: the monthly price of the second-lowest-cost Silver plan in your area, for everyone in your household who would be covered. The credit is based on this price, not on the plan you pick.

You don't need to apply first. Choose the case that fits you:

  1. You've already started or finished a 2027 application on HealthCare.gov (or your state's marketplace): log in and go to the step that shows your plans. Open the Silver plans, sort by monthly price from lowest to highest, and take the second plan's price. If the prices shown are after your estimated credit, look for the price before the credit, often labeled the total or full premium.
  2. You haven't applied yet: you can preview plans and prices without applying. Go to HealthCare.gov's plan preview (or your state's marketplace if your state runs its own). Enter your ZIP code and the ages of everyone who would be covered. If you can preview without entering income, do, so you see full prices. Then open the Silver plans and sort the same way.

Your plan's premium

The full monthly price of the plan you have or are considering, before any credit. Find it in your Marketplace account's plan details, or on the plan's page when you browse plans. If the price shown is after a credit, look for the total or full premium.

Advance credit you receive now (optional)

This only applies if you're already enrolled and get part of your premium paid each month by a tax credit. Leave it blank if you haven't enrolled yet, or if you chose not to take the credit in advance.

  • Your Marketplace account: log in and look at your application results or plan summary. It shows the monthly amount of the “advance premium tax credit” (sometimes called the tax credit or subsidy applied to your premium).
  • Your insurance bill: take the plan's full monthly premium and subtract what you're billed. The difference is your advance credit.
  • Form 1095-A (sent in January or February for the year that just ended): Part III, column C shows the monthly advance payment.

If you updated your income estimate during the year, use your current amount. It may have changed.

Menu names change. If a label doesn't match, look for “see plans,” “preview plans,” or “window shopping.” Stuck? free local help can find it with you.

What the Marketplace takes off your monthly premium now. See “How do I find these three numbers?” above.
2

Income

You

Net business profit—

Spouse

Net business profit—
Why Box 1, and what about payroll 401(k) and HSA?

Box 1 of a W-2 already leaves out pre-tax 401(k)/403(b) deferrals and HSA contributions made through payroll. Enter Box 1 and don't list those contributions again in step 3, or they'd be subtracted twice.

Interest, dividends, capital gains, unemployment, taxable retirement withdrawals, rental income.
Tax-exempt interest, the untaxed part of Social Security, excluded foreign income. Most households: $0.
3

Adjustments that lower MAGI

You

Half of self-employment tax (automatic)—

Spouse

Half of self-employment tax (automatic)—
Contribution limits and what counts

Retirement: SEP-IRA, solo 401(k) (employee and employer sides) and deductible traditional IRA. As of November 12, 2026 the IRS hadn't announced 2027 retirement limits (they're usually published in mid-November), so check the IRS announcement. For reference, the 2026 limits are \1. A traditional IRA deduction can phase out if you're also covered by a workplace plan. HSA: only with an HSA-eligible plan; the 2027 limit for your coverage type is shown under each HSA box. Other adjustments: student loan interest, educator expenses and similar Schedule 1 items. Verify limits with the IRS before relying on them.

How the SEHI cap is estimated

The deduction can't be more than your net business profit, minus the half-SE-tax deduction and self-employed retirement contributions from that business. This estimator adds those amounts for both people. If the plan runs through only one spouse's business, the true cap can be lower. For an S corporation owner, the cap is the W-2 salary instead, and the premiums must be reported on that W-2 (Box 1) for the deduction to be allowed. No SEHI deduction is allowed for any month you could have joined an employer-subsidized plan through your own job, your spouse's, a dependent's, or a child under 27's, even if you turned it down. The estimator assumes that wasn't the case for any month. Treat it as a close estimate, not the Form 7206 result.

Current law (as of November 12, 2026): the enhanced subsidies that were in place through 2025 have expired, and I'm not aware of any law that restores them. Congress has debated extending them, but as far as I can tell it hasn't become law. Above 400% of the poverty line, current law gives no credit. Check the latest news before you enroll.

What changes from 2026 to 2027:

Married filing separately: generally not eligible for the credit. The IRS allows a narrow exception for victims of domestic abuse or spousal abandonment (see Publication 974).

Figures used: applicable percentages from IRS Rev. Proc. 2026-26 (2.15% below 133% of the poverty line, rising to 10.22% from 300–400%); 2026 HHS poverty guidelines (used for 2027 coverage); 2027 Social Security wage base $192,300 (reduced by each person's W-2 wages); 2027 HSA limits of $4,500 self-only and $9,000 family from IRS Rev. Proc. 2026-24. This estimator covers the 2027 coverage year. Plans for 2028 will use updated percentages and poverty guidelines.

Sources: Rev. Proc. 2026-26 · Rev. Proc. 2026-24 (HSA) · 2026 HHS poverty guidelines · 2027 Social Security wage base (The Tax Adviser) · KFF: 2027 open enrollment · IRS: repayment caps eliminated · IRS Publication 974 · IRS Premium Tax Credit Q&A

Last updated November 12, 2026. These rules change often, so check the sources below before you decide.

A planning estimate, not a substitute for Form 8962, Form 7206 or Schedule SE. Not tax or legal advice.