Health Coverage Tax Credit Reauthorization Act of 2026

This bill extends the Health Coverage Tax Credit program through January 1, 2030, allowing eligible individuals and small businesses to receive tax credits for purchasing health insurance. The program directly affects people who buy health insurance outside of government marketplaces and small businesses that provide coverage to their employees. Under this legislation, qualified taxpayers can claim a tax credit to help pay for their monthly health insurance premiums, with the credit amount based on their income and the cost of coverage. The change is administrative, simply updating the expiration date in the tax code rather than altering how the credit is calculated or who qualifies for it.