ACA Health Insurance & Taxes

The ACA (affordable health care act) affects all federal individual income tax returns filed in 2015 for the 2014 calendar year and it is tied to both premiums and penalties. It pays to understand how your choice affects your taxes. It’s also important to know that penalties for not having qualifying health insurance are steadily…

There is no doubt the ACA (affordable health care act) can be very confusing, but it pays to understand how your choices affect your taxes. The penalty for uninsured taxpayers that lack the minimum essential coverage could be nearly 1% of their entire income. This could be shocking information to learn at tax time. Our…