More Than 211,000 People In New Mexico Will Be Eligible For Health Care Premium Tax Credits In 2014
Beginning in 2014, approximately 211,200 people in New Mexico will be eligible for new tax cuts that will significantly reduce the cost of private health insurance for those individuals and families. The historic tax cut in the health reform law, which is estimated to reduce nationwide income taxes by more than $110 billion in 2014 alone, will be provided through tax credits to offset a portion of the cost of health insurance premiums, and New Mexicans’ tax reductions will be $837 million in that year…
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