We recently posted about the possible tax ramifications of NFIB v. Sebelius, the Supreme Court case that would decide the fate of the Patient Protection and Affordable Care ACT (PPACA), President Obama’s signature piece of healthcare reform. With the majority of the law’s provisions upheld in the Court’s 5-4 ruling (the only major provision struck down from the bill addressed the power of the federal government to cut Medicare funding to the states if they do not implement suggested Medicare expansions, which does not currently affect individual taxpayers) the tax changes we covered in our previous post will still go into effect as stated.

The healthcare law remains a complex piece of legislation, however, and to help you understand in full how this will affect your situation, we’ve issued a new version of our Mid-year Tax-Planning Letter with updated information. Feel free to contact us If there is any other way we can help you get on top of your midyear tax-planning or if you have any other questions about how health reform affects your tax situation.