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Per IRS Publication 17, page 243:

Health coverage tax credit. The health coverage tax credit, which expired at the end of 2013 has been reinstated. For 2015, if you were an eligible trade adjustment assistance (TAA) recipient, alternative TAA recipient, reemployment TAA recipient, Pension Benefit Guarantee pension payee, or qualifying family member, you may be able to take the HCTC for health insurance coverage purchased through a Health Insurance Marketplace. Eligibility for the HCTC is generally the same as in 2013 with the following changes.

  • The HCTC is now an election. Once you make the election to take the HCTC for a month, the election will apply to all subsequent months during your tax year unless you no longer qualify to take the HCTC. See How to take the credit under Health Coverage Tax Credit, later in the publication.


  • For 2015, you can take the HCTC for a qualified health plan purchased through a Health Insurance Marketplace. This insurance coverage also qualifies for the premium tax credit taken on Form 8962, Premium Tax Credit (PTC). You can’t take both the HCTC and PTC for the same qualified health plan in the same coverage month. For information on qualified health plans purchased through a Health Insurance Marketplace and the premium tax credit, see the Instructions for Form 8962.

For more information, see the IRS page Form 1099-H, Health Coverage Tax Credit (HCTC) Advance Payments.

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