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The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act (PPACA) and informally as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010.
The increase in the threshold for the itemized medical expense deduction from 7.5% to 10% of AGI (originally scheduled to take effect on January 1, 2017) goes into effect (per the Tax Cuts and Jobs Act of 2017). The repeal of the "individual mandate" by the Tax Cuts and Jobs Act of 2017 goes into effect, reducing the tax penalty to zero. [150]
[2] [4] The Patient Protection and Affordable Care Act states in several different places that the employer mandate begins in January 2014 – certain tax credits become available January 1, penalties are stated for 2014 (to be adjusted by inflation in the following years), and the section about the employer mandate has a specific effective ...
So-called enhanced Affordable Care Act (ACA) subsidies, which lower the cost of health plans for millions of Americans and were passed under the Biden administration, will expire unless lawmakers ...
NRF Applauds Administration's Decision to Delay Provisions of the Affordable Care Act Employer Mandate Provisions Delayed One Year WASHINGTON--(BUSINESS WIRE)-- The National Retail Federation ...
In the United States, the Patient Protection and Affordable Care Act (PPACA) includes both employer and individual mandates that take effect in 2014. The PPACA's employer mandate requires that all businesses with 50 or more full-time employees provide minimum affordable health insurance to at least 95% of their full-time employees and ...
Story at a glance Under the 2010 Affordable Care Act, employers are required to provide full coverage for certain preventive services. However, a new ruling out of Texas found coverage of certain ...
Following implementation of the Affordable Care Act, HRAs must be integrated with a qualified employer-sponsored group health insurance plan to avoid excise tax penalties. [4] Using a Health Reimbursement Arrangement yields "tax advantages to offset health care costs" for both employees and employers. [1]