The tax effects of the Affordable Healthcare Act (AHC) began at the start of 2014, and many people who didn't have coverage last year are in for an unpleasant surprise at tax time. In short, based upon a number of variables including income, a lack of coverage may result in a penalty which is figured on the Federal Tax Return. There are some exceptions, but if you were without coverage in 2014, this may be the year to seek the advice of a Tax Professional. I can help you determine how much (if any) the penalty is, and if you qualify for an exemption. I can also tell you what the projected penalties will be in 2015 and 2016, for those people who continue to go without coverage.
6 Comments
3/11/2016 05:20:44 pm
Not only your contents but also the way you present the issue is awesome. Particularly this one is articulating the sense of the point. Keep it up.
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5/10/2016 05:30:33 am
For employers that have a plan in place that does not meet required standards, their employees may be eligible for a tax credit.
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10/23/2018 11:43:35 pm
I found your this post while searching for some related information on blog search...Its a good post..keep posting and update the information
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10/31/2018 03:03:13 am
What a fantabulous post this has been. Never seen this kind of useful post. I am grateful to you and expect more number of posts like these. Thank you very much.
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11/1/2018 12:03:55 am
I wanted to thank you for this great read!! I definitely enjoying every little bit of it I have you bookmarked to check out new stuff you post.
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AuthorWade R. Crutchfield, L.T.C. Archives
December 2023
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