S. 2824: To amend the Internal Revenue Code of 1986 to extend the temporary enhanced premium credits.

This bill proposes an extension of certain financial assistance provisions related to health insurance premiums as outlined in the Internal Revenue Code of 1986. The main points of the bill are as follows:

Extension of Premium Credits

The bill aims to extend the enhanced premium tax credits available to individuals purchasing health insurance. Specifically, it changes:

• The expiration date of these premium credits from January 1, 2026 to January 1, 2028.
• The reference to the year 2025 in the relevant legal text to 2027.

Impact on Higher Income Taxpayers

Additionally, the bill modifies provisions regarding taxpayers with household incomes exceeding 400% of the poverty line. The changes similarly update the expiration date of the premium credits from:

• January 1, 2026 to January 1, 2028.
• 2025 to 2027 in the relevant section title.

Effective Date

The changes outlined in this bill will take effect for tax years beginning after December 31, 2025.

Relevant Companies

• None found