Affordable Care Act Premium Tax Credit
Health care coverage can be a heavy burden for those who have a tight budget. Luckily, the IRS has allowed for a premium tax credit for those who have moderate incomes and need help paying for health care coverage. To be eligible for the premium tax credit, the IRS says you must: Get health insurance […]
Affordable Care Act Individual Shared Responsibility Payment
With the implementation of the Affordable Care Act, also known as “ObamaCare,” health care coverage is now required. If you do not have coverage, the IRS can charge you with an individual shared responsibility payment when you file your taxes in 2015. There are three reasons why you would have to make a payment: You […]
Qualifying Forms of Health Care Coverage under the Affordable Care Act
Trying to sift through changes and updates in health care laws can be a long and arduous task, so to save you valuable time, I’ll be laying out some of the basics of the Affordable Care Act in my next couple of blog posts. First, you need to get health insurance coverage if you haven’t […]