Frequently Asked Questions on Affordable Health Care Act
Affordable Care Act – Overview What is the Affordable Care Act? The Affordable Care Act (ACA) was enacted on March 23,...
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Affordable Health Care Act
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Additional Penalty Payment for Not Having Qualified Health Insurance
If you can afford health insurance but choose not to buy it, you must pay a fee called the individual... -
Did Your Client Get a Letter from the IRS about the Premium Tax Credit?
If your client receives a letter from the IRS requesting information to reconcile Advance Payments of the Premium Tax Credit,... -
Mid-Year Premium Tax Credit Checkup
Taxpayers who have insurance through the Health Insurance Marketplace, may be receiving advance payments of the premium tax credit. The credits are... -
Affordable Care Act Tax Provisions
The Affordable Care Act was enacted on March 23, 2010. It contains several tax provisions that are currently in effect... -
The Premium Tax Credit
The premium tax credit, or PTC, is a refundable credit that helps eligible individuals and families with low or moderate... -
Coverage Exemptions – Resident of a State that did not expand Medicaid
Resident of a State that did not expand Medicaid (code “G”) – If the taxpayer lived at any time during the tax year... -
IRS Tax Tip : How the Premium Tax Credit Can Help You
If you purchase health coverage through the Marketplace, you might be eligible for the premium tax credit. If you’re eligible,... -
What Constitutes Full-year Minimum Essential Health Care Coverage?
One of the requirements of the Affordable Care Act is that everyone (Taxpayer, Spouse and each Dependent) on a tax...