Implementation Schedule of Health Care Tax Increases, 2010-2018

Journal of Accountancy, Health Care Reform Reshapes Tax Code:

Implementation Schedule

 

2010	Adoption credit increase Adoption-assistance program increase Tanning excise tax
2011	Small business tax credit Prescription drug coverage deduction eliminated W-2 reporting SIMPLE cafeteria plans Restrictions on use of HSA and FSA funds for over-the-counter drugs Tax on HSA distributions increase
2012	1099s required for payments to corporations Adoption credit sunset Adoption-assistance programs sunset
2013	Increase in medical deduction threshold for taxpayers under age 65 Additional hospital insurance tax on high-income taxpayers Medicare tax on investment income Fees on health plans (after Oct. 1, 2012) Medical device excise tax Flexible spending arrangement maximum imposed
2014	Premium assistance credit Excise tax on uninsured individuals Excise tax on applicable large employers Insurer reporting requirements Eligible premiums included in cafeteria plans
2017	Increase in medical deduction threshold for taxpayers age 65 and over
2018	Excise tax on high-cost employer plans