Monthly Archives: April 2010

Tax aspects of health care law

The new health care law includes sweeping changes for both employers and individuals. Following is a brief summary of several key tax-related provisions. Coverage for individuals: After 2013, any individual not eligible for Medicare or Medicaid must obtain minimum essential coverage or pay a nondeductible penalty based on a flat dollar amount or a percentage [...]

Dependent Health Coverage

Tax-Free Employer-Provided Health Coverage Now Available for Children under Age 27 As a result of changes made by the recently enacted Affordable Care Act, health coverage provided for an employee's children under 27 years of age is now generally tax-free to the employee, effective March 30, 2010. The Internal Revenue Service announced today that these [...]

Small Business Health Care Tax Credit

Millions of small businesses will receive postcards from the IRS beginning the week of April 19 that alert them to the new Small Business Health Care Tax Credit and encourage them to check their eligibility. Even if you don't receive a postcard, your business still may be eligible. Included in the Patient Protection and Affordable [...]

ATA Supports Proposed Commercial Driver Texting Ban Regulation

U.S Transportation Secretary Ray LaHood announced March 31 a federal rule that proposes to specifically prohibit texting by interstate commercial truck and bus drivers. The proposed rule would make permanent an interim ban announced in January 2010 that applied existing safety rules to the specific issue of texting. The American Trucking Associations (ATA) applauds Secretary [...]

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