Affordability Rate For 2024. The irs has announced the affordability percentage that will apply under the aca’s pay or play rules for plan years beginning in 2024. To calculate aca affordability for the 2024 tax year using the rate of pay safe harbor and hourly workers’ earnings, take the employee’s lowest hourly rate as of.
As a result of the irs’ updates released last week in rev. Beginning in january 2024, the new affordability rate is 8.39%.
The Federal Poverty Level Safe Harbor, The Rate Of Pay Safe.
The percentage that should be used for 2024 plan years is 8.39% (which is down from 9.12% in 2023).
The 2024 Affordability Rate Has Been Announced:
The internal revenue service (irs) announced an updated new aca affordability threshold of 8.39% of an employee’s household income for 2024 for applicable large.
Affordability Rate For 2024 Images References :
In 2024, It Will Be 8.39%.
What is the 2024 aca affordability rate?
The Affordability Percentage For 2024 Is Set At 8.39%.
