By TurboTax The premium tax credit took effect beginning in the 2014 tax year, and provides tax savings to offset the cost of health insurance, for those who qualify. The premium tax credit came about after the Affordable Care Act in 2009. You must meet certain requirements to claim this refundable tax credit and file Form 8962 with your tax return. TurboTax Live experts look out for you. Expert help your way: get help as you go, or hand your taxes off. You can talk live to tax experts online for unlimited answers and advice OR, have a dedicated tax expert do your taxes for you, so you can be …