Health Care Tax Tips

Subscribe and receive all Health Care
tax guides via RSS

Recent Articles

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…

Are Medical Expenses Tax Deductible?
Medical expenses can be tax deductible. Learn which ordinary and COVID-19-related expenses might be deductible on your 2020 taxes that you’ll file in 2021. 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…

More Health Care Articles

What is Form 1095-A: Health Insurance Marketplace Statement Are You Exempt From Health Care Coverage? 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? 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 Form 8853: Archer MSAs and Long-Term Care Insurance Contracts What is Code Section 6056 for Health Care Reform? What Is Form 8885: Health Coverage Tax Credit What is the Difference Between Forms 1094-C and 1095-C? What Is Form 8959: Additional Medicare Tax 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? 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 Flexible Spending Accounts: A Once-A-Year Tax Break The Ultimate Medical Expense Deductions Checklist Tax Deductions for Diabetes Tax Deductible Pregnancy Medical Expenses 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? Health Insurance Assistance for the Unemployed Do VA Benefits Count as Medical Insurance Coverage Under Obamacare? What is an ALE (Applicable Large Employer) for Health Care Reform? What Are Disability Tax Credits? Finding Your Health Care Marketplace Health Care and Your Taxes: What's the Connection? What Is the IRS Form 8889? What the Affordable Care Act Means for Vets Employer Sponsored Health Coverage Explained What Is IRS Publication 502? What Is the Individual Mandate for Health Care Reform? Understand and Avoid Health Care Reform Tax Penalties Video: What is the Affordable Care Act Cost-Sharing Subsidy (Obamacare)? 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) What are ABLE Accounts? Tax Benefits Explained Is Your Life Insurance Taxable? Does Your Company Need to File Form 1095-B? Affordable Care Act (Obamacare) Survival Guide For ALEs What Is Form 8941: Credit for Small Employer Health Insurance Premiums Deducting Health Insurance Premiums If You're Self-Employed

TurboTax Blog »

Get tax tips and tricks, from quick fixes to long term strategies.

Ready to try TurboTax?

Start for Free