Tax Provisions of the Health Care Reform Act


The Patient Protection and Affordable Care Act, passed by Congress Sunday, contains a number of tax provisions.  It contains over $400 billion in revenue raisers and new taxes on employers and individuals.  Among other things, the act:

  • Imposes a 40% surtax on high-end employer-sponsored health plans
  • Increases the Medicare tax to 2.35% for couples with adjusted gross incomes (AGI) over $250,000 a year and individuals with AGI over $200,000
  • Imposes new fees on certain health-related industries
  • Increases the threshold for the deduction of eligible unreimbursed medical expenses from 7.5% to 10% of AGI starting in 2013
  • And more

You can find more information about the tax provisions of the new legislation in a great article from the Journal of Accountancy here.

Additionally, CCH has prepared a detailed briefing of the tax provisions of the legislation here.


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