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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…

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…

Are Out-of-Pocket Medical Expenses Covered by ACA?
The Affordable Health Care Act offers a premium tax credit to help with a portion, or all, of your out-of-pocket expenses, depending on your income. The credit helps individuals and families with moderate income who purchase health insurance through the Health Insurance Marketplace. To determine your eligibility, you must file a tax return to establish your income. 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…

What is Form 1095-A: Health Insurance Marketplace Statement
If you bought health insurance through one of the Health Care Exchanges, also known as Marketplaces, you should receive a Form 1095-A which provides information about your insurance policy, your premiums (the cost you pay for insurance), any advance payment of premium tax credit and the people in your household covered by the policy. Read more…


More ACA Articles

Are You Exempt From Health Care Coverage? What is the Premium Tax Credit (PTC) and What is Tax Form 8962? Video: Who Qualifies for an Affordable Care Act Exemption (Obamacare)? Video: What is the Affordable Care Act Individual Mandate? What is Form 1095-B: Health Coverage What is Code Section 6056 for Health Care Reform? What is the Difference Between Forms 1094-C and 1095-C? 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 What Are the Tax Penalties for Smokers? Will Medicare/Medicaid be Impacted by ACA? How to Determine if You Have Minimum Essential Coverage (MEC) Affordable Care Act Decoded What are 1095 Tax Forms for Health Care? What is the Shared Responsibility Payment? What is Form 1094-B: Transmittal of Health Coverage Information Returns? Do VA Benefits Count as Medical Insurance Coverage Under Obamacare? What is an ALE (Applicable Large Employer) for Health Care Reform? Finding Your Health Care Marketplace Health Care and Your Taxes: What's the Connection? What the Affordable Care Act Means for Vets Employer Sponsored Health Coverage Explained What Is the Individual Mandate for Health Care Reform? Understand and Avoid Health Care Reform Tax Penalties Does Medicare Count as Minimum Essential Coverage (MEC) 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? Video: The Affordable Care Act Tax Penalty Explained (Obamacare) Does Your Company Need to File Form 1095-B? Affordable Care Act (Obamacare) Survival Guide For ALEs How Does IRS Form 1095-B Affect Small Businesses?

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