Bill > S3385

This bill extends two key provisions of the health care premium tax credit within the Internal Revenue Code that were previously set to expire at the end of 2025. Specifically, the bill extends until January 1, 2029 two important healthcare affordability measures: first, the rules that increase premium assistance amounts for individuals purchasing health insurance, and second, the rule that allows taxpayers with household incomes above 400% of the poverty line to qualify for premium tax credits. These extensions are designed to help make health insurance more affordable for middle-income Americans by maintaining enhanced tax credits that would otherwise have been reduced. The changes will take effect for taxable years beginning after December 31, 2025, which means the first tax year impacted would be 2026. By pushing these expiration dates forward by three years, the bill aims to provide continued financial support for health insurance purchasers and maintain the affordability protections established in previous healthcare legislation.

https://www.congress.gov/bill/119th-congress/senate-bill/3385/all-info