Health Insurance Penalty Can Cost You
This tax year, many taxpayers will notice a new penalty if they chose to opt out of having health care coverage. This is due to new rules under the Affordable Care Act that state that all Americans...
View ArticleCredits for Health Insurance Premiums
Moderate income families understand that health insurance premiums can be expensive, but there are helpful tax credits that can offset some of the costs associated with them. In order for these credits...
View ArticleThe 1095-A and Tax Time: What to Expect
If you purchased a health plan through the Health Insurance Marketplace you can expect to receive a Form 1095-A Health Insurance Marketplace Statement by January 31, 2015. Many have decided to take a...
View ArticleHealth Insurance Marketplace Statement and Premium Tax Credits
The tax season is upon us and now is the perfect time for taxpayers to make sure they know the relationship between their health insurance coverage and the two tax forms that help figure out the amount...
View ArticleHow the Affordable Care Act Factors At Tax Time
If you are filing taxes in 2014 you should know how the Affordable Care Act will affect your taxes. You may notice your taxes impacted more this year depending on where you received health coverage...
View ArticleThe Affordable Care Act at Tax Time
If this is the first year you’ve been affected by the Affordable Care Act, you may not really know what to expect at tax time. For starters, the bill mandates that all taxpayers have health insurance,...
View ArticleThe Individual Shared Responsibility Provision for 2015
A special provision of the Affordable Care Act, which requires each taxpayer to have qualifying health care, comes into effect when you file your tax return. Unless you meet a certain exemption, you...
View ArticleHealth Care Coverage and Your Tax Return
Since the enactment of the Affordable Care Act, your taxes are now affected by your health care coverage status. The new policy states that all Americans must have qualified health insurance, though...
View ArticleMinimum Essential Coverage
According to the Affordable Care Act, health care that meets the lowest requirements is called a minimum essential coverage. Having minimum essential coverage is one way for taxpayers to avoid any...
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