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Article Date:
April 2010

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New Health Care Law Makes Cash Gift to You with Deductions for Children Under Age 27

If you have children under the age of 27 for whom you pay their insurance and for which you receive no tax deduction, you are now going to reap some tax cash, thanks to the new health care law.


The new health care law extends the employer’s tax deduction for employer-provided accident or health plan coverage to any employee’s child who has not attained age 27 as of the end of the taxable year.


The new law enables you, the business owner, to now obtain a tax deduction where none was available before. If you were paying ... Log in to view full article.

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