Revenue Procedure 2022-34 provides indexing adjustments required by statute for certain provisions under section 36B. Specifically, this revenue procedure updates the applicable percentage table used to calculate an individual’s premium tax credit for taxable years beginning in calendar year 2023 and updates the required contribution percentage for plan years beginning after calendar year 2022.
Revenue Procedure 2022-34 will be in IRB: 2022-33 dated 8/15/2022.