Money News Today That Matters Tomorrow
[Update] The government is starting to mail out the tax free $250 medicare gap checks to seniors who fall into the program’s gap in prescription drug coverage. This so called Medicare “doughnut hole,” payment (detailed below) was part of the recently enacted Health care reform bill. …
[Updated with New IRS provisions] The IRS has released more details on tax-saving opportunities included in recently enacted HIRE act federal legislation (see details in previous update below). A variety of business tax deductions and credits were created, extended and expanded by the American Recovery …
With the Supreme court decision upholding the passage of health care reform, the Obama administration received a major political boost. Americans will finally start seeing the actual impacts of many of these new laws. The main changes are discussed in the previous updates below, but …
[Update Dec 2010] The IRS has released final guidance for small employers eligible to claim the new small business health care tax credit for the 2010 tax year. The IRS have also provide a one-page form and instructions for small employers to use for claiming …
The supreme courts 5-4 ruling in favor of President Obama’s health care plan means that most of the act’s provisions will now go into action. You can find details of these here, but to summarize: Starting in 2013 The legislation for the first time would …