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…
Key Dates for Affordable Care Act (ACA) Open Enrollment
The Affordable Care Act (ACA) open enrollment periods vary from year-to-year, but are expected to continue to be late in fall to early winter. Being aware of health care reform key dates can mean avoiding tax penalties for remaining uninsured. Read more…
How Health Care Reform Has Changed the Way You Pay Taxes
With the passage of the Affordable Care Act, it's time to think about how it will affect your taxes. Whether your income is high, low or in-between, everyone will likely be affected in some way. Here's a year-by-year breakdown of what's on the horizon and details about how the new law may change the amount of tax you pay. 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…
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…
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