How the Affordable HealthCare Act Affects you

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What to do with the New Health Care Forms

This year, you may receive one or more forms that provide information about your 2015 health coverage.  Check out these tax tips about what to do if you receive a Form 1095-A,1095-B or 1095-C.  For more information see our questions and answers to find out how the new forms may affect your individual income tax return.
File Electronically

Remember, that filing electronically is the easiest way to file a complete and accurate tax return as the software guides you through the filing process. Electronic filing options include: free Volunteer Assistance, IRS Free File, commercial software, and professional assistance.

The Affordable Care Act includes the individual shared responsibility provision and the premium tax credit that may affect your tax return.

The individual shared responsibility provision requires you, your spouse, and your dependents to have qualifying health insurance for the entire year, report a health coverage exemption, or make a payment when you file.  In addition, you may be eligible for the premium tax credit if you purchased health coverage through the Health Insurance Marketplace.

3 Comments

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