What must an individual demonstrate to be eligible for the Premium Tax Credit?

To qualify for the Premium Tax Credit, an individual must meet several key criteria that encompass all aspects mentioned in the options.

Firstly, obtaining insurance through the Health Insurance Marketplace is essential. The Premium Tax Credit is specifically designed to assist individuals and families with the cost of premiums for health insurance plans that are purchased through this Marketplace.

Secondly, being a U.S. citizen or a legal resident is necessary for eligibility. The tax credit is aimed at individuals who have lawful status in the U.S., ensuring that only those with the right to reside and work in the country can benefit from this assistance.

Lastly, not being claimed as a dependent on someone else's tax return is crucial. If an individual can be claimed as a dependent, they do not qualify for the Premium Tax Credit, as the credit is intended for those who are responsible for their own health coverage.

Therefore, demonstrating all these conditions—insurance through the Marketplace, legal residency status, and not being a dependent—is vital for eligibility for the Premium Tax Credit. This comprehensive approach ensures that the benefits of the tax credit are directed toward those who fulfill all necessary requirements.