To amend the Internal Revenue Code of 1986 to take certain Medicare premiums of household members into account in determining the health care insurance premiums tax credit.

HR 7017 adjusts the calculation for the health care insurance tax credit under the Internal Revenue Code. It allows taxpayers to reduce their tax credit amount by the Medicare premiums paid by household members (including themselves) for Medicare Parts A, B, C, or D, or Medicare supplemental coverage. This change directly affects households where members pay Medicare premiums and qualify for the tax credit. The adjustment applies to coverage months starting after December 31, 2024.