Healthcare Affordability Credits

Posted by Seth on July 15, 2009, 1:01 pm

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>This isn't part of the tax law, yet, but introduced in the

>House of Representatives is healthcare legislation which

>includes "Affordability credits for low- and moderate-income

>individuals and families, available to those with incomes up to

>400 percent of the federal poverty level, or $43,000 for

>individuals and $88,000 for a family of four."

>Does anyone have more information on this subject, or know where

>to obtain it?

Ask your Congresscritter.

> I'm interested in answers to questions such as, are

>these tax credits or some other sort of credit; is there also

>an asset test, and if so what sort of assets are excluded

>(home? retirement plans? etc.).

All those are subject to change before the bill passes (if it does),
and the Senate will write its own version with still more changes.

thomas.loc.gov finds no such bill searching under "affordability
credits". The closest I could find was HR 2399
http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.2399: (might go
obsolete) which has some terms similar to what you specify, but
different thresholds.

Seth

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