Sec. 224. Inclusion in income of certain costs of employer-provided coverage under health plans
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Section 106 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: Subsection
(a)shall not apply to the extent that employer-provided coverage under health plans for an employee for a taxable year exceeds— $10,200 for self-only coverage, and $27,500 for all other coverage. In the case of any calendar year after 2025, the dollar amounts in paragraph
(1)shall each be increased by an amount equal to— such dollar amount, multiplied by— the cost-of-living adjustment determined under section 1(f)(3) for such calendar year, determined— by substituting calendar year 2024 for calendar year 2018 in subparagraph (A)(ii) thereof, and by substituting for the C–CPI–U referred to in section 1(f)(3)(A) the amount that such CPI would have been if the annual percentage increase in CPI with respect to each year after 2023 and before 2033 had been one percentage point greater. For purposes of subparagraph (B)(ii)(II), the term annual percentage increase means the percentage (if any) by which C–CPI–U for any year exceeds the C–CPI–U for the prior year. Terms used in this paragraph which are also used in section 1(f)(3) shall have the same meanings as when used in such section. . The amendments made by this section shall apply with respect to taxable years beginning after December 31, 2024.