The Latest Healthcare Reform Update

IRS Delays W-2 Health Cost Reporting Requirement

The Internal Revenue Service announced Tuesday that it will waive for one year a health care reform law requirement that employers report the cost of coverage on employees’ W-2 wage and income statements. Under the relief, health care cost information will have to be reported on the 2012 W-2s, which are issued in 2013.  

The IRS also confirmed that the W-2 reporting requirement is only for informational purposes and the amounts that are reported will not be taxable

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