Trump's Spending Resolution Affects ACA Taxes

    Posted by Soules Insurance on Tue, Feb 6, 2018

    On Jan. 22, 2018, President Donald Trump signed into law a short-term continuing spending resolution to end the government shutdown and continue funding through Feb. 8, 2018. The continuing resolution impacts three taxes and fees under the Affordable Care Act (ACA).

    Continue reading for more information on the changes taking effect.

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    Tags: Affordable Care Act, ACA, New Legislation, Spending Resolution, Taxes and Fees, Health Coverage, Taxes, ACA Compliance

    Citing Trump’s Order, IRS Stops Enforcing Individual Mandate for Health Insurance

    Posted by Soules Insurance on Fri, Feb 24, 2017

    The U.S. Internal Revenue Service will no longer require tax filers to indicate whether they had health coverage or paid a penalty set under Obamacare, dealing a blow to a pillar of the healthcare law, the website reported.

    Republican President Donald Trump, who has pledged to dismantle the 2010 Affordable Care Act, signed an order on Jan. 20, his first day in office, to freeze regulations and take other steps to weaken the law known as Obamacare.

    Republicans, who have the majority in Congress, are trying to craft a replacement for the law enacted by former Democratic president Barack Obama. Twenty million Americans gained health insurance under the law.

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    Tags: Health Insurance, New Legislation, IRS