IRS adjusts HSA limits for 2018, announces 2019 limits
The IRS issued the inflation-adjusted contribution limits for 2019 for health savings accounts.
Health care
IRS issues HSA contribution limits for 2019
The IRS issued the inflation-adjusted contribution limits for 2019 for health savings accounts.
IRS gives taxpayers relief from erroneous HSA contributions
The IRS announced it will allow taxpayers to treat $6,900 as the 2018 limit for deductible contributions to HSAs for individuals with family coverage.
Continuing resolution postpones Cadillac and medical device taxes, suspends tax on health insurers
The continuing resolution to fund the government also delays the so-called Cadillac tax on high-cost health plans for an additional two years beyond 2019.
IRS assesses employer shared-responsibility payments under the Affordable Care Act
Employers need to understand how to respond to this IRS correspondence assessing proposed payments.
Health reimbursement arrangements for small employers
The IRS recently issued a notice to provide guidance on qualified small employer HRAs under Sec. 9831(d).
Government funding bill postpones some health care taxes
The continuing resolution to fund the government through Feb. 8 also delays the so-called Cadillac tax on high-cost health plans for an additional two years beyond 2019.
Marketed wellness and health plans may not pass muster
Plans are being marketed based on their tax benefits, but the IRS warns they can lead to unexpected taxes for the employer and employees.
How to make sure an HSA avoids ERISA
The DOL has provided safe harbors to help employers ensure they avoid ERISA.
Beware of tax promoters purporting to save employment taxes on health plans
A number of wellness plans and health plan arrangements have been marketed to employers as a way to save employment and income taxes for employers and employees.
Revised Senate health bill would retain taxes on higher-income individuals
The health care bill released by Senate Republicans on Thursday would retain the Affordable Care Act’s 3.8% net investment tax and the 0.9% Medicare surtax.
IRS issues 2018 inflation adjustments for HSAs
The IRS issued the inflation-adjusted figures for the annual contribution limits for health savings accounts.
Tax provisions in the Senate health care bill
The Senate Republicans’ bill to replace Obamacare would repeal many of the Affordable Care Act’s tax provisions. Here’s a look at the tax changes in the bill.
2018 health savings account limits increase slightly
The IRS released the 2018 annual inflation-adjusted amounts that apply to health savings accounts.
Proposed PPACA replacement bills contain many tax changes
The draft proposals to repeal the Affordable Care Act released by House Republicans evening would make many tax changes if enacted. Here’s a look at their impact on the tax code.
HRAs Are No Longer Prohibited Under the Patient Protection and Affordable Care Act
New law allows certain small businesses to use HRAs without incurring penalties under the PPACA.
PPACA Reporting Deadline Is Extended
The IRS announced extended due dates for information returns required to be filed under the Patient Protection and Affordable Care Act.
Congress Enacts Law Allowing HRAs Under the Affordable Care Act
The Senate passed the 21st Century Cures Act, which, among other things, permits certain employers to offer health reimbursement arrangements to employees without running afoul of the Patient Protection and Affordable Care Act’s market reform provisions.
IRS Extends Due Dates for PPACA Forms and Penalty Relief
In response to concerns from employers, insurers, and other providers of minimum essential coverage, the Internal Revenue Service announced that it is extending the due dates for certain health care forms required under the Patient Protection and Affordable Care Act.
The ABCs of Form 1095
Understanding forms 1095-A and 1095-B can help in preparing clients' individual income tax returns and fulfilling their professional due-diligence responsibilities.
