ACA Tax Tips

Subscribe and receive all ACA
tax guides via RSS

Recent Articles

Essential Tax Forms for the Affordable Care Act (ACA)
The Affordable Care Act (ACA), also referred to as Obamacare, affects how millions of Americans will prepare their taxes in the new year. The Internal Revenue Service (IRS) has introduced a number of essential tax forms to accommodate the ACA: Form 1095-A, Form 1095-B, Form 1095-C, and Form 8962. Read more…

Video: How to Claim the Affordable Care Act Premium Tax Credit (Obamacare)
The Affordable Care Act Premium Tax Credit is a new refundable tax credit that can lower your monthly health insurance premiums. If you qualify for the tax credit, you can claim the Premium Tax Credit throughout the year to lower your monthly health insurance premiums, or claim the credit with your tax return to either lower your overall tax bill or increase your tax refund. Read more…

Health Care and Your Taxes: What's the Connection?
Your cost for Marketplace health insurance is based on the income you file on your tax return. Your reported income also determines your eligibility for the tax credits associated with Marketplace health coverage. The tax system acts as a way for the government to provide assistance, by means of a tax credit, to those who need insurance but might not be able to afford it. Read more…

What the Affordable Care Act Means for Vets
The Affordable Care Act is designed to provide all Americans with access to health insurance at reasonable rates, while working to lower costs, improving the quality of health care and improving the coordination of such care. Veterans have a few options to meet the terms of minimum essential coverage under the ACA. Read more…

Video: What is the Affordable Care Act Individual Mandate?
The Affordable Care Act individual mandate (Obamacare) requires most Americans to have health insurance or pay a tax penalty, unless you qualify for an exemption. Learn more about the ACA individual mandate, plans that qualify as minimum essential coverage, who qualifies for an exemption and how the individual mandate may affect your taxes with this helpful guide from TurboTax. Read more…


More ACA Articles

Does Medicare Count as Minimum Essential Coverage (MEC) Do VA Benefits Count as Medical Insurance Coverage Under Obamacare? What is the Difference Between Forms 1094-C and 1095-C? Will Medicare/Medicaid be Impacted by ACA? What is the Shared Responsibility Payment? Video: Who Qualifies for an Affordable Care Act Exemption (Obamacare)? What is an ALE (Applicable Large Employer) for Health Care Reform? Are You Exempt From Health Care Coverage? Video: The Affordable Care Act Tax Penalty Explained (Obamacare) Employer Sponsored Health Coverage Explained What is Form 1095-A: Health Insurance Marketplace Statement What is Form 1094-B: Transmittal of Health Coverage Information Returns? How Does IRS Form 1095-B Affect Small Businesses? What Is the Individual Mandate for Health Care Reform? What are 1095 Tax Forms for Health Care? What Are the Tax Penalties for Smokers? What is Code Section 6056 for Health Care Reform? Affordable Care Act Decoded Does Your Company Need to File Form 1095-B? What is Form 1095-B: Health Coverage How Health Care Reform Has Changed the Way You Pay Taxes Are Out-of-Pocket Medical Expenses Covered by ACA? What is the Premium Tax Credit (PTC) and What is Tax Form 8962? 5 Steps to Navigate the Health Care Marketplaces Know the Key Dates for Health Care Reform What is Form 1095-C: Employer-Provided Health Insurance Offer and Coverage How to Determine if You Have Minimum Essential Coverage (MEC) Finding Your Health Care Marketplace Understand and Avoid Health Care Reform Tax Penalties What is Employer Sponsored Coverage? The Most Important Tax Forms for ALEs (Applicable Large Employers) Video: Affordable Health Care Act Explained—Obamacare Facts What Is the Individual Shared Responsibility Provision? Affordable Care Act (Obamacare) Survival Guide For ALEs

TurboTax Blog »

Get tax tips and tricks, from quick fixes to long term strategies.

Ready to try TurboTax?

Start for Free