Rev. Proc. 2024-14: Indexing adjustments for amounts used to calculate employer shared responsibility payments
Effective for tax years and plan years beginning after December 31, 2024
Amounts used to calculate employer shared responsibility payments
The IRS today released Rev. Proc. 2024-14 to provide indexing adjustments for the applicable dollar amounts used to calculate the employer shared responsibility payments under section 4980H(c)(1) and (b)(1).
Rev. Proc. 2024-14 [PDF 79 KB] provides that the applicable premium adjustment percentage is 1.4519093322.
For calendar year 2025:
- The adjusted $2,000 amount under section 4980H(c)(1) is $2,900
- The adjusted $3,000 amount under section 4980H(b)(1) is $4,350
The revenue procedure is effective for tax years and plan years beginning after December 31, 2024.
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