Earlier this week, the IRS issued a final rule meant to close the “family glitch” for Affordable Care Act (“ACA”) subsidies on the Federal Healthcare Exchange. This “glitch” prevents family members from receiving ACA subsidies if someone in their household has access to an employer-sponsored health plan that meets the ACA’s ...
Today the House passed a bill that overhauls many provisions of the Affordable Care Act. The text of the American Health Care Act was first released in early March. The Act repeals most of the Affordable Care Act taxes. There has been much debate over it during the past several months. While some thought the bill may be dead, an amendment to the bill ...
Today, the Trump Administration released its goals for tax reform. Intended to be the most significant tax reform in American History, the Trump Administration outlined proposed changes for individuals and corporations.
For individuals, the tax plan proposes to reduce the number of tax brackets from seven to three (10%/25%/35%). The ...