Wednesday, August 26, 2020

IRS Releases 2021 Affordability Percentage

IRS issued Revenue Procedure 2020-36, which increases the affordability threshold for ACA employer mandate pay or play purposes to 9.83% for plan years beginning in 2021 from 9.78% for 2020.

For a copy of Revenue Procedure 2020-36 please click on the link below:   

https://www.irs.gov/pub/irs-drop/rp-20-36.pdf    

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