Hospitalization (1 - 2 of 2 items)
Private Health Insurance: Expiration of the Health Coverage Tax Credit Will Affect Participants' Costs and Coverage Choices as Health Reform Provisions Are Implemented
GAO-13-147: Published: Dec 28, 2012. Publicly Released: Jan 28, 2013.
Expiration of the Health Coverage Tax Credit (HCTC) and implementation of Patient Protection and Affordable Care Act (PPACA) premium tax credits, cost-sharing subsidies, and Medicaid expansion will affect HCTC participants' costs for health plans in multiple ways. Projections from GAO's analysis of 2010 Internal Revenue Service (IRS) data show that most HCTC participants in 2014 will likely be eli...
Changes Needed in the Tax Laws Governing the Exclusion for Scholarships and Fellowships and the Deduction of Job-Related Educational Expenses
GGD-78-72: Published: Oct 31, 1978. Publicly Released: Oct 27, 1983.
Section 117 of the Internal Revenue Code allows tax exemptions for amounts received as a scholarship or fellowship grant at an educational institution, and Treasury Regulations, section 1.162-5, allow the deduction of educational expenses if they qualify as ordinary and necessary business expenses.These provisions have created tax controversies because they are often confusing. It has been difficu...