The Health Coverage Tax Credit Reauthorization Act of 2026 extends a federal tax credit that helps certain individuals afford health insurance coverage. Specifically, the bill amends the tax code to continue the health coverage tax credit through December 31, 2029, pushing back the previous expiration date of January 1, 2022. This extension applies to months beginning after December 31, 2021, meaning eligible individuals can claim the credit during tax years 2022 through 2029. The bill primarily affects workers who have lost their jobs, certain trade-displaced workers, and other individuals who qualify for this assistance under current law. The legislation does not specify new funding amounts, as it simply extends an existing tax credit program rather than creating a new appropriation.
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