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ACA affordability to increase for the 2021 tax year

from The ACA Times

ACA affordability to increase for the 2021 tax year The ACA Times For the 2021 tax year, the ACA affordability threshold will increase. That means employees will likely have to contribute more towards their employer-sponsored health care. IRS Notice Rev Proc. 2020-36 states that beginning Jan. 1, 2021, the ACA affordability threshold for the 2021 tax year will be 9.83%, up just a small portion from 2020's 9.78%. The affordability threshold is used for determining whether or not an employer's sponsored health coverage is affordable as required by the ACA's Employer Mandate. READ MORE

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