Medical Related Tax Changes for Individuals and Businesses
Author: Barbara Weltman
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2027 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Medical-related tax rules for individuals and businesses are continually changing. Some rules enacted during COVID-19 have been made permanent while others have expired. Where do things stand now?
Publication Date: May 2024
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
