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• Based on your income, you may qualify for a tax credit. You can apply the credit right away to reduce your monthly premiums, or take the credit on your annual tax return. Some small business employers may also qualify for a tax credit for offering health insurance to their employees through Maryland Health Connection.

  Maryland Health Connection - Cite This Source - This Definition
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  Cite Definition for Tax credit

  American Psychological Association (APA)

  Tax credit. (n.d.). Glossary of Health Coverage and Medical Terms. Retrieved February 9, 2023, from website: http://www.expertglossary.com/definition/tax-credit.

  Chicago Manual of Style (CMS)

  Tax credit. marylandhealthconnection.gov. Glossary of Health Coverage and Medical Terms. Maryland Health Connection. http://www.expertglossary.com/definition/tax-credit (accessed: February 9, 2023).

  Modern Language Association (MLA)

  "Tax credit." Glossary of Health Coverage and Medical Terms. Maryland Health Connection. 9 February. 2023 http://www.expertglossary.com/definition/tax-credit.

• Browse Related Terms: Affordable coverage (as it relates to APTC), Employee Retirement Income Security Act of 1974 (ERISA), Employer Shared Responsibility Payment (ESRP), Full-Time Employee, Full-Time Equivalent, Minimum value, Multi-Employer Plan, Open Enrollment, Plan, Tax credit, Vision or Vision Coverage

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