Bill > HR6074

This bill amends the Internal Revenue Code to extend the enhancement of the health care premium tax credit (a financial subsidy that helps lower-income individuals and families pay for health insurance) for an additional three years. Specifically, the bill extends two key provisions: first, it modifies the rules for increasing premium assistance amounts by changing the expiration date from January 1, 2026, to January 1, 2029, which means that more generous health insurance subsidies will continue to be available during this period. Second, the bill extends the rule that allows tax credits for taxpayers whose household income exceeds 400 percent of the poverty line, again pushing the expiration date from January 1, 2026, to January 1, 2029. These changes will apply to taxable years beginning after December 31, 2025, effectively providing continued financial support for health insurance coverage to a broader range of Americans and helping to make health insurance more affordable for those who might otherwise struggle to pay premiums.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/6074/all-info