IRS: Affordable Care Act Affordability Percentages Will Decrease for 2022
Affordability Percentages Will Decrease for 2022 On Aug. 30, 2021, the IRS issued Revenue Procedure 2021-36 to index the contribution percentages in 2022 for determining affordability of an employer’s plan under the Affordable Care Act...
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Per IRS, FFCRA/ARPA Tax Credits Apply to COVID-19 Immunization Care
IRS: FFCRA Leave Credits Apply for COVID-19 Immunization of Others The IRS has updated its frequently asked questions (FAQs) on employer tax credits for providing employee leave under the Families First Coronavirus Response Act (FFCRA)...
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Have You Reviewed the Latest IRS ACA Draft Forms?
Draft Forms for 2021 ACA Reporting Released The Internal Revenue Service (IRS) released draft 2021 forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056, both of which relate to the Affordable Care...
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The Newest IRS Rules Under the FFCRA, and What That Means for Org. Tax Credits
IRS Guidance on Tax Credits for Employee Leave Under the FFCRA The Families First Coronavirus Response Act (FFCRA), passed in March 2020, required small and midsized employers to provide paid employee leave for specific COVID-19-related...
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