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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…

What is Form 1095-B: Health Coverage
Form 1095-B is a tax form that reports the type of health insurance coverage you have, any dependents covered by your insurance policy, and the period of coverage for the prior year. This form is used to verify on your tax return that you and your dependents have at least minimum qualifying health insurance coverage. 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…

The Ultimate Medical Expense Deductions Checklist
Claiming medical expense deductions on your tax return is one way to lower your tax bill. To accomplish this, your deductions must be from a list approved by the Internal Revenue Service, and you must itemize your deductions. 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…


More Health Care Articles

Tax Deductions for Diabetes Deducting Medical Expenses for a Major Illness or Injury Tax Deductible Pregnancy Medical Expenses 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 The Most Important Tax Forms for ALEs (Applicable Large Employers) Are You Exempt From Health Care Coverage? What Is IRS Form 1099-SA: Distributions from an HSA, Archer MSA, or Medicare Advantage MSA? What is Employer Sponsored Coverage? What is Form 1095-A: Health Insurance Marketplace Statement Does Medicare Count as Minimum Essential Coverage (MEC) Video: What is the Affordable Care Act Cost-Sharing Subsidy (Obamacare)? Video: How to Claim the Affordable Care Act Premium Tax Credit (Obamacare) What is Form 8853: Archer MSAs and Long-Term Care Insurance Contracts Does Your Company Need to File Form 1095-B? What is Code Section 6056 for Health Care Reform? Affordable Care Act (Obamacare) Survival Guide For ALEs What Is Form 8885: Health Coverage Tax Credit What Is Form 8941: Credit for Small Employer Health Insurance Premiums 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 What is the Premium Tax Credit? Are Out-of-Pocket Medical Expenses Covered by ACA? Finding Your Health Care Marketplace What Are Disability Tax Credits? What is an ALE (Applicable Large Employer) for Health Care Reform? Do VA Benefits Count as Medical Insurance Coverage Under Obamacare? Health Care and Your Taxes: What's the Connection? Essential Tax Forms for the Affordable Care Act (ACA) 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 What is Form 1094-B: Transmittal of Health Coverage Information Returns? Health Insurance Assistance for the Unemployed Deducting Health Insurance Premiums If You're Self-Employed What are ABLE Accounts? Tax Benefits Explained Is Your Life Insurance Taxable? What are 1095 Tax Forms for Health Care? What is the Shared Responsibility Payment? Video: The Affordable Care Act Tax Penalty Explained (Obamacare) What Is the Individual Shared Responsibility Provision? 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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