Recent Tax Updates

Supreme Court Upholds the Affordable Care Act Subsidies for Federal Marketplace

June 26, 2015

The Supreme ruled yesterday (June 25) in a 6-3 decision that health insurance subsidies are legal in the 34 states that are using the federal marketplace. Therefore, approximately 6 million people who reside in those states will continue to receive the subsidy for the remainder of 2015 and all future years.

This also means that there will be no changes to the way the Affordable Care Act is administered by the IRS and Health and Human Resources for 2015 and beyond.

For more detail see: