To amend the Internal Revenue Code of 1986 to extend the enhancement of the health care premium tax credit.
Sponsored By: Representative Underwood, Lauren [D-IL-14]
Introduced
Summary
Extends the enhanced premium tax credit under the Affordable Care Act and preserves expanded eligibility for some higher-income households. It would push the relevant expiration dates to 2028 for the enhanced credit and to January 1, 2029 for the higher-income rule.
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- Families and Marketplace enrollees: Continues the enhanced premium tax credit for people who buy Marketplace plans through 2028. This keeps the enhanced assistance option in place for those tax years.
- Higher-income households: Maintains the rule letting taxpayers with household income above 400 percent of the federal poverty line claim the credit until January 1, 2029. That extends access for some taxpayers who would otherwise be excluded.
- Timing for tax years: The bill's changes would apply to taxable years beginning after December 31, 2025.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Keep bigger Marketplace subsidies through 2028
This bill would extend the larger premium tax credits for Marketplace health plans through 2028. It would apply to tax years beginning after December 31, 2025 (2026, 2027, and 2028). People with incomes above 400% of the federal poverty line could still qualify for help during these years. If passed, this could lower your monthly premiums or increase advance subsidies if you qualify.
Sponsors & CoSponsors
Sponsor
Underwood, Lauren [D-IL-14]
IL • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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