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Recent Articles

Is Your Life Insurance Taxable?
Is life insurance taxable? Normally, no, but some exceptions do exist. Here’s what to know if your loved ones are counting on that financial support in the event the worst comes to pass. Read more…

What are ABLE Accounts? Tax Benefits Explained
Achieving a Better Life Experience (ABLE) accounts allow the families of disabled young people to set aside money for their care in a way that earns special tax benefits. ABLE accounts work much like the so-called 529 accounts that families can use to save money for education; in fact, an ABLE account is really a special kind of 529. Read more…

Deducting Health Insurance Premiums If You're Self-Employed
Most self-employed taxpayers can deduct health insurance premiums, including age-based premiums for long-term care coverage. Write-offs are available whether or not you itemize, if you meet the requirements. 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…

Can I Claim Medical Expenses on My Taxes?
Medical expenses can take a bite out of your budget, especially if you have unforeseen emergencies that are not fully covered by your insurance. The Internal Revenue Service allows taxpayers some relief, making some of these expenses partly tax-deductible. To take advantage of this tax deduction, you need to know what counts as a medical expense and how to claim the deduction. Read more…

More Health Care Articles

Health Insurance Assistance for the Unemployed Deducting Medical Expenses for a Major Illness or Injury Tax Deductions for Diabetes Medical Expenses Checklist Tax Deductible Pregnancy Medical Expenses Know the Key Dates for Health Care Reform What is Form 1094-B: Transmittal of Health Coverage Information Returns? Understand and Avoid Health Care Reform Tax Penalties What Is the Individual Mandate for Health Care Reform? What Is IRS Publication 502? Employer Sponsored Health Coverage Explained What are 1095 Tax Forms for Health Care? What the Affordable Care Act Means for Vets Flexible Spending Accounts: A Once-A-Year Tax Break What Is the IRS Form 8889? Essential Tax Forms for the Affordable Care Act (ACA) Health Care and Your Taxes: What's the Connection? Do VA Benefits Count as Medical Insurance Coverage Under Obamacare? What is an ALE (Applicable Large Employer) for Health Care Reform? What is the Shared Responsibility Payment? What Are Disability Tax Credits? Finding Your Health Care Marketplace Video: The Affordable Care Act Tax Penalty Explained (Obamacare) Are Out-of-Pocket Medical Expenses Covered by ACA? What is the Premium Tax Credit? 5 Steps to Navigate the Health Care Marketplaces What Is Form 8959: Additional Medicare Tax What is the Difference Between Forms 1094-C and 1095-C? What Is Form 8941: Credit for Small Employer Health Insurance Premiums What Is Form 8885: Health Coverage Tax Credit What Is the Individual Shared Responsibility Provision? Affordable Care Act (Obamacare) Survival Guide For ALEs What is Code Section 6056 for Health Care Reform? Does Your Company Need to File Form 1095-B? What is Form 8853: Archer MSAs and Long-Term Care Insurance Contracts Video: How to Claim the Affordable Care Act Premium Tax Credit (Obamacare) Video: What is the Affordable Care Act Cost-Sharing Subsidy (Obamacare)? What is Form 1095-B: Health Coverage Does Medicare Count as Minimum Essential Coverage (MEC) What is Form 1095-A: Health Insurance Marketplace Statement What is Employer Sponsored Coverage? What Is IRS Form 1099-SA: Distributions from an HSA, Archer MSA, or Medicare Advantage MSA? Are You Exempt From Health Care Coverage? The Most Important Tax Forms for ALEs (Applicable Large Employers) Affordable Care Act Decoded How to Determine if You Have Minimum Essential Coverage (MEC) Will Medicare/Medicaid be Impacted by ACA? What Are the Tax Penalties for Smokers? Are Short-Term Disability Claim Payments Considered Earnings? What is Form 1095-C: Employer-Provided Health Insurance Offer and Coverage 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)?

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