There was a delay through 2016, I believe, but after that it'll kick in.
The fair market value of my health care (UPS Company plan, no dependents, male under the age of 35) was roughly $4,400 last year.. nowhere near that $10,200 threshold. Even then, only the amount over the threshold will be taxed.
How would H&R know how big of a check the company is writing? I do remember a figure on our W-2's. I don't recall what that is off the top of my head, I thought someone might have estimated numbers.
How would H&R know how big of a check the company is writing? I do remember a figure on our W-2's. I don't recall what that is off the top of my head, I thought someone might have estimated numbers.
I was being facetious..... Since you were in the UPS single employer plan it was reported. A Taft-Hartley is a multi employer plan coverage that can be excluded from the reported cost.