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Financial Planning / Tax Strategies
|Subject: Re: Employee Reimbursement Accounts||Date: 12/10/2012 9:19 PM|
|Author: TMFPMarti||Number: 117102 of 121219|
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.
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