Christine Hradsky No Comments

Effects of the Tax Law Vary Based on Major Life Events

Tax Law

The Tax Cuts and Jobs Act affects everyone differently depending on their specific life circumstances.

Change is part of life. The Tax Cuts and Jobs Act (TCJA) has brought sweeping changes to the federal income tax rules for individuals. But how will you and your family be affected? That depends on your specific circumstances. Major life changes — from marriage and birth to divorce and death — can provide opportunities and pitfalls under the tax law. Here’s an overview of some TCJA provisions that may be relevant during different life events. Read more

Christine Hradsky No Comments

New ACA Legal Battle Could Affect Individual and Employer Health Coverage

ACA

With all the challenges the Affordable Care Act (ACA) has faced, eliminating the penalty for failure to comply with the “individual mandate” under the Tax Cuts and Jobs Act could be the toughest yet.

The Affordable Care Act (ACA) has been controversial since it was enacted in 2010. The latest legal attack calls into question whether insurance carriers will still be required to issue coverage to individuals without regard to pre-existing medical conditions, and the degree of pricing flexibility that carriers will have based on the demographics of a covered group. Read more