Article Date:
March 2011
Word Count:
485
Nine Important Facts about the New Age 27 Health Insurance Rules
The new health care law extends the ability to deduct the cost of health coverage for your children who are under age 27 at the end of your tax year.
For a review of how you can put cash in your pocket with this new tax break, see the article titled “New Health Care Law Makes Cash Gift to You with Deductions for Children Under Age 27.”
Planning note. In December 2010, the IRS put the nix on the 35 percent tax ... Log in to view full article.
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