From: Jim George
Date: 12/16/2015 10:36:29 PM
To: Mark Sztanyo
Subject: PBGC and HCTC
Hi Hi Mark,
As you have noted, the HCTC is
coming back, which will be an outstanding and valuable benefit for certain
Delta retirees and spouses. Implementation is “TBD” and is apparently
being worked on by PBGC and the IRS as we speak. For those retirees who
may be impacted, I happened to catch the following notice in the latest emailed
“PBGC Retiree News.” It suggests that those who sign up for “email
alerts” on PBGC.gov will get “important tax credit updates,” so this may be a
desirable option to stay abreast of developments for those who may be affected.
Happy Holidays!
Regards,
Jim George
PBGC Retiree News fall 2015
P E N S I O N B E N E
F I T G U A R A N T Y C O R P O R A T I O N • A U N I T E D S
T A T E S G O V E R M E N T A G E N C Y
Health Care Tax Credit Makes a
Comeback. President Obama signed legislation June 29 to extend the Health
Coverage Tax Credit through Dec. 31, 2019. Congress originally established the
tax credit in 2002 to help displaced workers, including retirees receiving a
benefit from PBGC, but it expired at the end of 2013. The Internal Revenue
Service will manage the program again with partners including PBGC.
Implementation details are being worked out. When new IRS guidelines are ready,
PBGC will let participants know how to apply for the tax credit. You’ll find
the information on the Retirement Matters blog on PBGC.gov. Sign up today for email alerts
on PBGC.gov to make sure you receive all blog entries and important tax credit
updates.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Full post disclaimer in left column. PCN Home Page is located at: http://pcn.homestead.com/home01.html
No comments:
Post a Comment