April 29, 2010
Workers who lose their jobs during April and May may qualify for a 65% subsidy on their COBRA health insurance premiums. The American Recovery and Reinvestment Act established this subsidy to help workers who lost their jobs due to the recession, maintain their employer sponsored health insurance.
The Continuing Extension Act of 2010, enacted April 15, [...]
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Changes made by the recently enacted Patient Protection and Affordable Care Act, provide tax-free health coverage for an employee’s children who are under age 27. The change is effective March 30, 2010. These changes immediately allow employers with cafeteria plans to permit employees to begin making pre-tax contributions to pay for this expanded benefit.
In addition [...]
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April 3, 2010
Now that both pieces of health care legislation have been passed into law, we know that roughly $438 billion of tax changes will occur over the next eight years. More specifically, the timeframe looks like this:
2010
Ten percent excise tax on indoor tanning services begins July 1.
Adoption tax credit is made refundable, effective Jan. 1, 2010; [...]
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Leonard D. Rea, EA, CFP® (Enrolled Agent, Certified Financial Planner™)
and his team, serving individuals and businesses in the Massachusetts area since 1986.