IRS Adopts Health Insurance Tax Credit Under ACA

Law360, New York (May 18, 2012, 7:32 PM EDT) -- The Internal Revenue Service has adopted a final regulation implementing a health insurance premium tax credit under the health care reform law, but rejected pleas to make the law more expansive for children who do not qualify for tax deductions, the agency said Friday.

The agency said the final rule would be published in the Federal Register on Wednesday. The text of the final rule became available on the IRS website Friday. It addressed myriad issues raised by commenters in response to a proposed rule introduced...
To view the full article, register now.