On December 22, 2015 , the IRS issued Notice 2016-2, which explains how the recently reinstated Section 35 health coverage tax credit (HCTC) applies for 2014 and 2015. The tax credit had expired at the end of 2013, but the Trade Preferences Extension Act of 2015, P.L. 114-27, enacted June 29, 2015, retroactively reinstated it from 2014 through 2019. As enacted, the HCTC can be claimed for health insurance purchased through a health insurance exchange, but only for 2014 and 2015.
For details, please refer to IRS Notice 2016-2. You will be directed to Notice 2016-2 by clicking the link.
We will be happy to send you a copy of the Notice upon request by email.