How the new tax credits would workThe new legislation would break people into five age groups, each receiving a different amount in tax credits to purchase health insurance: Age Tax credit 20 – 29: $2,000 30 – 39: $2,500 40 – 49: $3,000 50 – 59: $3,500 60 and older: $4,000These credits begin to phase out for individuals making more than $75,000 and joint filers making over $150,000. Other restrictions include:

Source: Washington Post March 07, 2017 22:07 UTC