Health Reform Cuts Kroger Tax Deduction

CINCINNATI — Kroger Co. here on Monday said it expects its tax expense for this year to be $1.5 million to $2 million higher than a year ago because it can no longer deduct expenses for providing certain prescription drug coverage for its retirees.

CINCINNATI — Kroger Co. here on Monday said it expects its tax expense for this year to be $1.5 million to $2 million higher than a year ago because it can no longer deduct expenses for providing certain prescription drug coverage for its retirees.

The change, a result of the Patient Protection and Affordable Care Act signed into law on March 23, will be reflected primarily in the company's first quarter,

Register to view the full article