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5.1.19
¡El 2019 marca el 75 aniversario del North Shore Animal League
America! En honor a este hito de salvamento, lanzamos
nuestro primer evento anual de No-Kill Giving Day.
¡The Rachael Ray Foundation™ nos está ayudando a alcanzar
nuestra meta de $500,000 al donar generosamente $250,000!
¡Únate a tus compañeros amantes de las mascotas para
dar el doble de amor y asegurarse otros 75 años de
nuestro compromiso de rescate sin matar!
Para donar ahora - visita animalleague.org/nokillgivingday
o llama al 1-877-472-8373
#nokillgivingday
TAX TIPS
Obamacare
BY JOHN SAVIGNANO, CPA
Nine years after enactment of Obamacare, the
health law again takes center stage. A court in
Texas ruled it invalid last December and the law’s
supporters have appealed the decision. Most
provisions will still apply for 2019 or until
litigation is final. The case will be heard next by
the U.S. Court of Appeals for the 5th Circuit and
then quite possibly by the Supreme Court.
President Trump agrees with the court ruling, as
evidenced by his administration’s recent court
filing in the case. He first seemed to want the GOP
to act fast to propose a replacement for
Obamacare. However, he has backed off
somewhat after facing pressure from some
congressional lawmakers within his own party.
He now says he’ll introduce a new health care plan
after the 2020 election.
Much of the Obamacare is engrained in the tax
code. Here’s a sampling:
The premium tax credit helps individuals with
household incomes between 100% and 400% of
the federal poverty level purchase health
insurance through one of the exchanges. A
proposal in Congress supported by Democrats
would expand the income eligibility requirements
for the credit and increase its size. It could pass the
House but, without Republican support, would
die in the Senate.
The employer mandate requires employers with
50 or more full-time workers but no affordable
health plan to pay a tax if their employees opt to
buy insurance through an exchange and get the
premium tax credit. Firms with over 49
full-timers must also report health insurance data
each year to both IRS and the worker.
John Savignano is a partner with Savignano
Accountants & Advisors located at 47-46 Vernon
Blvd., Second Floor, in Long Island City. If you
have any questions or require additional
information, please call John at 718-707-0955.
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