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Introduction

SECTION 6. TAXPAYERS WITH

Internal Revenue Bulletin 2014-33 · 2026-10-03 edition · updated 2026-10-04 · United States

COVERAGE MONTHS FOR WHICH NO SECTION 162(l) DEDUCTION IS ALLOWED

This section 6 applies to taxpayers described in section 3 of this revenue procedure who have a premium assistance amount, as described in § 36B(b)(2) and § 1.36B–3(d), for one or more coverage

months for premiums that are not specified premiums. For example, if a taxpayer has a premium assistance amount for all months of a taxable year but, because the taxpayer began operating a trade or business in September of the year, has specified premiums for just the last four months of the taxable year, this section 6 applies. Taxpayers to whom this section 6 applies should complete Step 3 of the alternative calculation, and Step 3 and the corresponding succeeding Steps in the iterative calculation, except substituting “premium tax credit determined in Step 2 but only with respect to months in which specified premiums were paid” for “premium tax credit determined in Step 2.”

See Example 4 of section 7 for an example illustrating the application of this section 6.

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▸Contents — Internal Revenue Bulletin 2014-33
Internal Revenue Bulletin 2014-33

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