- Reporting requirement for employers that provide health care coverage on W2s
- Net investment income tax - 3.8% assessed on net investment income for individuals, estates, & trusts
- Additional Medicare Tax - an additional medicare tax of .9% applies to individual' s wages, or self-employment income that exceeds certain thresholds
- Small Business Health Care Tax Credit - the credit is available to small employers that pay at least half the cost of single coverage for their employees
- Medical Device Excise Tax - 2.3% tax on medical device sales by manufactures and importers
- Health Insurance Premium Tax Credit - a premium tax credit can be taken by individuals and families to help them afford health insurance purchased through the Exchange
- Changes in Itemized Deduction for Medical Expenses - medical expenses can be deducted on Schedule A when they reach 10% of Adjusted Gross Income (AGI) for those under 65. For those > 65, the rate stays at 7.5%
- Individual Shared Responsibility Provision - the provision that requires each individual to either have minimum coverage or pay a fine on one's tax return
- Heath Coverage for Older Children - those under 27 can be included on a parent's plan
- Excise Tax on Indoor Tanning Services - 10% tax on indoor tanning services
Additional provisions can be found at this IRS link: ACA Link
There are links within the ACA link that will allow you get more information within the individual provisions.
