The landmark legislation known as the Patient Protection and Affordable Care Act (PPACA), signed into law in 2010, affects a wide range of institutions in the United States in some way. It imposes healthcare-related requirements on health plans, health insurers and employers. In addition to imposing various tax increases to increase revenue, the PPACA uses a carrot and stick approach to ensure compliance with its provisions, offering tax credits for compliance and imposing tax penalties for non-compliance. This course will review the principal provisions of the law and will examine its tax impact on individuals and businesses.

• list the principal healthcare provisions of the PPACA
• identify the tax credits for which small businesses may be eligible when sponsoring employee health plans
• recognize the shared responsibility requirements for applicable large employers regarding employee health coverage
• compute the tax penalties imposed under the PPACA for a large employer's failure to meet the applicable shared responsibility requirements
• calculate the tax credits designed to help ensure that individuals are able to maintain minimum essential coverage

Tax Year: 2023-2024