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WHICH TAXES WILL BE REPEALED UNDER THE PROPOSED AMERICAN HEALTH CARE ACT?

Posted by Admin Posted on Mar 10 2017

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Which taxes will be repealed under the proposed American Health Care Act (AHCA)…and when? The proposed bill, introduced by congressional Republicans to replace the Affordable Care Act, repeals several taxes, including individual and employer mandates (retroactive to 2016); the 3.8% net investment income tax (beginning in 2018); the 0.9% additional Medicare tax (2018); and the medical device excise tax (2018). The “Cadillac tax” on high-cost employer sponsored health plans is delayed until 2025 under the AHCA. It’s currently scheduled to go into effect in 2020.

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