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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…

Tax Deductions for Diabetes
The IRS allows you to claim a tax deduction for many of the expenses you incur to diagnose, monitor and treat diabetes. 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…

Flexible Spending Accounts: A Once-A-Year Tax Break
No health insurance policy covers everything, and that's where Flexible Spending Accounts (FSAs) come in. FSAs are basically bank accounts reserved to pay for your out-of-pocket health care costs. Of course, anyone can put aside money to cover health expenses, but what makes an FSA special is that you don't have to pay taxes on the money you put into it. Read more…


More Health Care Articles

What the Affordable Care Act Means for Vets Video: What is the Affordable Care Act Individual Mandate? 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? Are Medical Expenses Tax Deductible? Will Medicare/Medicaid be Impacted by ACA? What is Form 8853: Archer MSAs and Long-Term Care Insurance Contracts 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? 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 8941: Credit for Small Employer Health Insurance Premiums What is Form 1095-B: Health Coverage What Is Form 8959: Additional Medicare Tax How Health Care Reform Has Changed the Way You Pay Taxes Are Out-of-Pocket Medical Expenses Covered by ACA? What Is IRS Form 1099-SA: Distributions from an HSA, Archer MSA, or Medicare Advantage MSA? Deducting Medical Expenses for a Major Illness or Injury What is the Premium Tax Credit (PTC) and What is Tax Form 8962? What Is Form 8885: Health Coverage Tax Credit 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 Are Short-Term Disability Claim Payments Considered Earnings? How to Determine if You Have Minimum Essential Coverage (MEC) The Ultimate Medical Expense Deductions Checklist Tax Deductible Pregnancy Medical Expenses Health Insurance Assistance for the Unemployed What Are Disability Tax Credits? Finding Your Health Care Marketplace What Is the IRS Form 8889? What Is IRS Publication 502? Understand and Avoid Health Care Reform Tax Penalties Video: What is the Affordable Care Act Cost-Sharing Subsidy (Obamacare)? 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? What are ABLE Accounts? Tax Benefits Explained Is Your Life Insurance Taxable? Affordable Care Act (Obamacare) Survival Guide For ALEs Deducting Health Insurance Premiums If You're Self-Employed

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