ACA Tax Tips

Subscribe and receive all ACA
tax guides via RSS

Recent Articles

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…


More ACA Articles

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