Today, Zane Benefits, the #1 Online Health Benefits Solution, published new information on how health care reform may impact your 2013 tax return.
According to Zane Benefits’ website, for most employees and clients, the Affordable Care Act (aka ACA or health care reform) has no effect on their 2013 federal income tax return. The major health care reform provisions impacting individuals (such as the individual mandate) will not be reported until 2015 on 2014 tax returns.
However, there are a few provisions that may impact individual's 2013 tax return, such as increases in the itemized medical deduction threshold, the additional Medicare tax, and the net investment income tax.
About Zane Benefits
Zane Benefits, the #1 Online Health Benefits Solution, was founded in 2006 to revolutionize the way employers provide employee health benefits in America. We empower employees to take control over their own healthcare, while helping employers recruit and retain the best talent. Our online solutions allow small and medium-sized businesses to successfully transition to a health benefits program that creates happier employees, reduces costs and frees up more time to serve their customers. For more information about ZaneHealth, visit http://www.zanebenefits.com.