Healthcare Tax Credit
TAA participants who are actively engaged in the TAA program and receiving unemployment insurance compensation, Trade Readjustment Allowance (TRA), or Reemployment Trade Adjustment Assistance (RTAA) wage subsidy payments may be eligible to apply for the Health Coverage Tax Credit (HCTC).
If you are enrolled in a qualified healthcare plan and meet the above TAA requirements, you may be able to apply for a tax credit of 72.5% of your monthly healthcare premiums.
HCTC is administered solely by the Internal Revenue Service (IRS).
For additional information regarding HCTC benefits or to apply for the HCTC benefit, please contact the IRS at: http://www.irs.gov/HCTC (844)-853-7210.