Health Coverage Tax Credit

[Redneck]

Can anyone explain TAA(trade adjustment assistance recipient). Who is eligible for this credit.

[Brad Imsdahl]

IRC Section 35(c)(2) defines TAA as follows: “The term "eligible TAA recipient" means, with respect to any month, any individual who is receiving for any day of such month a trade readjustment allowance under chapter 2 of title II of the Trade Act of 1974 or who would be eligible to receive such allowance if section 231 of such Act were applied without regard to subsection (a)(3)(B) of such section. An individual shall continue to be treated as an eligible TAA recipient during the first month that such individual would otherwise cease to be an eligible TAA recipient by reason of the preceding sentence.”

My guess is anyone receiving such allowance would know they are receiving it.

[Redneck]

Thanks Brad

That's what I thought, but just needed some reassurance.