The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Employee Reimbursement Accounts||Date: 12/10/2012 9:19 PM|
|Author: TMFPMarti||Number: 117102 of 122300|
I understand this change is related to national healthcare reform, but trying to understand the reasoning behind it (if there is any).
I guess the prior responder is surprised that you have to pay for things or borrow and spend, the alternative. The following tax increases go into effect next year, all a result of the Affordable Care Act, a/k/a Obamacare:
1. The reduction in FSA limits.
2. An increase to 10% of AGI (from 7.5%) in the exclusion of deductible medical expenses. This change is delayed until 2014 for those 65 and older.
The following two were mentioned in a recent thread:
3. The surtax on certain investment income
4. The Medicare surtax on certain earned income
Note that none of these changes has anything to do with the "fiscal cliff" tax components.
Rule Your Retirement Home Fool
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|