What the Supreme Court Ruling on Health Care Law Means For YOUR Taxes

Friday, June 29, 2012

The Supreme Court upheld President Barack Obama’s 2010 Health Care Law, the Affordable Care Act, with a 5-4 “up” vote on its constitutionality based on Congress’ taxing power. Regardless of your politics, with the Supreme Court’s decision, there is more certainty that health care taxes, what we call the health care surtax, will take hold on high-income earners in 2013.

Ed Slott outlines what the Supreme Court ruling means for YOUR taxes and retirement planning situation in this IRAtv video below:

 

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