IRS Releases First Round of Health Care Reform Guidance
The Internal Revenue Service (IRS) has issued the first installment of what is expected to be an avalanche of guidance on the new health care reform law. The guidance confirms that an employer-sponsored health plan may provide coverage free from federal income tax to an employee’s children up to age 27.
If you’re a SHRM member, you can receive additional resources on this topic. Visit SHRM’s Express Request web site and select key term ADULT CHILDREN: COVERAGE VS TAX EXCLUSION in the Health Care Reform section.
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