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Thursday, October 28, 2010

W2 Tax Reporting Postponed Until 2011 Tax Year

On March 23, 2010, the Patient Protection and Affordable Care Act and Health Care and Educational Reconciliation Act of 2010 were signed into law.

A result of this new law would require employers to report the cost of health care on employees W2's. This has now been delayed until tax year 2011.

Midterm elections can have a huge impact on how this PPACA actually plays out and is implemented. One can speculate, but to move forward the important thing to consider and decide is how your vote in this election can impact this law and understanding you can make a difference! So, get out and vote for freedom and choice, keep America on the cutting age and allow for the industry to be guided by the people, not the government!

-Hayley Friedman. Agent Chuck Huggins Insurance Services

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