IRS Obamacare Power of the Day: Medicine Cabinet Tax

Posted by Adam Radman and Ryan Ellis on Thursday, July 25th, 2013, 9:25 AM PERMALINK

Throughout the summer, Americans for Tax Reform will be highlighting the most outrageous new powers that the IRS will have under the Obamacare law.  According to a report from GAO, the IRS is tasked with nearly four dozen new powers under that law.  Each day, one will be selected for a brief review.

Thanks to Obamacare, you can no longer buy non-prescription, over-the-counter medicines with your health savings account (HSA) or workplace flex account (FSA).

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