How does the new health care act effect my 2012 taxes?
Updated: 1/25/2013
Article ID: IAS10680
There is nothing you need to do for your 2012 taxes related to the Affordable Care Act.
The new Medicare tax on high earners does not begin until the 2013 tax year, and the penalties imposed for failure to have health insurance (the "individual mandate") don't take effect until the 2014 tax year.