Medical Related Tax Changes for Individuals and Businesses (Currently Unavailable)

Author: Barbara Weltman, Sidney Kess

CPE Credit:  1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC

Tax rules related to medical coverage and care have been prominent since enactment of the Patient Protection and Affordable Care Act of 2010 (the ACA). Much has changed in the last 10 years. In view of COVID-19, additional tax rules were enacted this year (2020), impacting individuals and businesses. Presented by Miles Hutchinson, CGMA, join him as he walks though medical related tax changes for individuals and businesses.

Publication Date: May 2020

Topics Covered

  • General Information
  • Rules for Individuals
  • Rules for Businesses
  • Other Matters

Learning Objectives

  • Recognize and apply medical tax changes for individuals and businesses
  • Describe the premium tax credit
  • Identify costs a medical FSA can reimburse an employee
  • Recognize credits for small employer health insurance premium requirements
  • Describe QSEHRAs and ICHRAs
  • Recognize tax benefits of health savings accounts to individuals

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
None

Advance Preparation
None

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