In an effort to nudge people into the ACA model policies, restrictions are being proposed on short term policies to both limit the length of coverage to 90 days and prevent renewal. The policies don’t necessarily meet all the standards set under the Affordable Care Act and, rather than letting consumers choose what they want and when they want it, another option is removed.
Deduction Update – IRS releases the latest version of Publication 463
Travel, Entertainment, Gift and Car Expenses – they are all in the newest publication. Yes, they change every year and notable changes are the rate of 57.5 cents per business mile and various depreciation and fair market value thresholds. Happy reading….