Health Insurance deduction could be disallowed due to Tax Traps …

Paying the health insurance premiums personally avoids the payroll taxes and simplifies the amount of accounting work. Heath savings account rules are another problem that if audited by the IRS will result in additional tax , … Continue reading

TaxProf Blog: Rosenzweig: The Individual Mandate and the Tax …

The most controversial aspect of the ACA has been the so-called ” individual mandate” — or the requirement that all individuals acquire health insurance or face a penalty. … [F]rom a tax policy standpoint it is interesting to note .. Continue reading

MintLife Blog | Personal Finance News & Advice | What the Patient …

The court upheld the general substance of the individual mandate. However, the Supreme Court did make one slight change: the penalty for not having health insurance must be classified as a tax , as it falls under Congress' … Continue reading