A quarterly magazine from the National Association of Enrolled Agents
Winter 2024 vol.42 no.4
Preparation

The Premium Tax Credit: History, Recent Developments, and Future Prospects

The premium tax credit (PTC) is a cornerstone of the Affordable Care Act (ACA), designed to make health insurance more affordable for middle-income Americans. As a refundable credit, the PTC helps individuals and families purchase health insurance through the Health Insurance Marketplace, directly impacting the affordability of healthcare coverage. This article explores the history of the PTC, recent developments, and future prospects, provid... Cody Adams, EA

Winter 2024, Preparation, Affordable Care Act, Medicare, Medicaid, ARPA, American Rescue Plan Act of 2021, premium tax credit, ACA, PTC, Health Insurance Marketplace
2021 Employee Retention Credit Overview
Tax News Briefs

2021 Employee Retention Credit Overview

Employee Retention Credit Guidance for First and Second Quarters of 2021 The Internal Revenue Service (IRS) has now released guidance to address changes made by the Consolidated Appropriations Act, 2021, for... TheTaxBook

Nov/Dec 2021, Tax News Briefs, business, Internal Revenue Code, CARES Act, PPP, Social Security, Paycheck Protection Program, Medicare, American Rescue Plan Act, Consolidated Appropriations Act, Form 941, employee retention credit, Notice 2021-23, wages, §3121(a), §3231(e), grant
Payroll Taxes in 2021: The Dos and Don’ts
Payroll Corner

Payroll Taxes in 2021: The Dos and Don’ts

Filing payroll taxes accurately takes work, especially when keeping track of changing tax regulations. The following payroll tax tips will help your clients stay compliant. The subject of payroll taxes can be a prickly one for human resources p... Justworks

Sept/Oct 2021, Payroll Corner, payroll, FICA, Social Security, health savings account, Flexible spending account, Medicare, FSA, employer taxes, FUTA, Federal Unemployment Tax Act, Federal Insurance Contributions Act, Form 941, Revenue Procedure 2020-45, HSA, State Unemployment Tax Act, SUTA
Excluding Medicare Waiver Payments from Income
Feature Article

Excluding Medicare Waiver Payments from Income

The Internal Revenue Service (IRS) has provided guidance on the tax treatment of certain payments to individual care providers for the care of eligible individuals under a state Medicaid waiver program in IRS Notice 2014-7.i The prog... Laurie W. Ziegler, EA

Mar/Apr 2021, Feature Article, Form W-2, Schedule C, Social Security, SECURE Act, Medicare, Medicaid, waiver, Form 1099, Notice 2014-7, HCBS, home and community-based services, earned income tax credit, EITC, caregiver, Notice CP 2000, Form 1099-MISC, Wisconsin, §131, §1915(c)