By: Christopher Lawrence

Christopher Lawrence — Wed, 24 Apr 2013 10:52:59 +0000

Eh.... little more involved than that The Affordable Care Act was enacted on March 23, 2010. It contains some tax provisions that are in effect and more that will be implemented during the next several years. The following is a list of provisions for which the IRS has issued proposed and/or final guidance; additional information will be added to this page as it becomes available. https://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions

By: Larry Gilmore

Larry Gilmore — Mon, 22 Apr 2013 20:49:20 +0000

Not today, but someday it is very possible. Health insurance is about the only insurance or benefit sold where both the employer and employee get a tax break on it. The employer gets to write off the expense of providing health insurance to employees. Employees do not pay income taxes on the benefit received or any taxes on the claims paid. For several decades the government has kicked around changing the tax status to match other benefits. Things are swinging in the taxable income direction as we are now seeing the employer contribution for insurance starting to appear on W-2, which if it isn't going to be a taxable benefit, why put it on the basic employment tax form?

New answer on: Does Health Insurance Become Taxable?

By: Christopher Lawrence

By: Larry Gilmore