Key Tax Developments, Quarter 3

We’ve identified several of the latest developments relating to health care, travel, and money market accounts for the third quarter 2014. Focus points for third quarter include:

• Premium credits for health insurance purchased on the Federal Exchange
• Increases in per-diem travel expenses after September 30, 2014
• Exemption guidelines for individuals without health insurance coverage as provided by the Affordable Care Act (ACA)
• Easier methods for accounting for Money Market gains and losses
• Guidelines relating to Passive Activity Losses (PAL) on rental properties and the like

To learn more about these 3^rd quarter developments, read the full document here.