Midyear Tax Planning for Healthcare Act Tax Changes Affecting Individuals in 2013

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The 2012 Healthcare Act included several significant tax changes that are scheduled to take effect next year. The recent Supreme Court ruling paves the way for them, and they will kick in automatically unless Congress takes action. As a refresher, the four key changes that can potentially affect individual taxpayers in 2013 and what you can do between now and 12/31/12 to minimize the negative effects on your tax situation. Depending on how the November election turns out, it is possible that none of these four changes will actually come to pass, but the uncertainty makes tax planning more difficult than ever. With the preceding thoughts in mind, here is what you need to know right now. Tax Planning on Healthcare Act Tax Changes in 2013


The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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