IRS Reporting under PPACA

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Please note, if viewing the 2022 recording below there is one significant change for the 2024 Electronic Filing Threshold. Beginning in 2024, reporting entities that file at least 10 returns during the calendar year must file electronically. The due date for furnishing 1095 Forms to employees, COBRA participants, and early retirees is March 1, 2024. The deadline for paper filing is February 28, 2024, and the e-file deadline (required for those with more than 10 full-time employees) is April 1, 2024.

The Safe Harbor Affordability threshold for 2023 is 9.12% and the cost share is $103.28. There have also been increases to adjusted penalty amounts. Please do not hesitate to call SchoolCare with any questions about your filings.

Background & Updates