2014 Obamacare Individual Mandate

Posted by dccpa in News | 0 comments

Starting with 2014, the Obamacare individual mandate regarding health insurance takes effect. While the Obama administration delayed the requirement that employers with 50 or more full-time workers provide employees with affordable health care coverage or pay a stiff fine, the individual mandate was not deferred.

Section 179 Depreciation has been up to $500,000 for the years 2010 through 2013. For the tax year 2014 and forward, unless Congress acts, the limit has been reduced to $25,000!