For many Americans, the struggle to save enough money to cover unexpected expenses – like high medical bills – is real. In fact, unpaid medical bills is one of the leading causes of personal bankruptcy in the United States. That’s why having the right health insurance in place is a smart move.
Healthcare and Taxes
The Affordable Care Act (ACA) will affect the health insurance and federal income taxes of nearly every American over the next few years.
Get a free guide to the ACA and your taxes. Find out if the ACA will impact your taxes with TaxAct's free guide.
Affordable Care Act Open Enrollment for your 2017 individual and family healthcare plan is here! Now is the time to enroll in new health coverage or make changes to your current plan.
It’s that time of year again! Affordable Care Act (ACA) open enrollment for 2017 officially kicked-off this week and will remain open through Jan. 31, 2017.
Every year scam artists devise new schemes to defraud millions of people. In recent years, it seems one of the most popular systems to target is the IRS. Unfortunately, fraudsters are at it once again – posing as the IRS in an attempt to steal taxpayers’ hard-earned money. To keep your bank account and private […]
It’s important to understand the type of health account you have or could have, so you can take full advantage of any tax benefits. Three common types of tax-advantaged health accounts are health savings accounts (HSA), health flexible spending accounts (FSA) and health reimbursement arrangements (HRA).
Did you know unpaid medical bills is one of the leading causes of personal bankruptcy in the United States? If you’re self-employed or own a business, your health plays an especially crucial role to your financial well-being and security. That’s why having health insurance is one of the smartest moves you can make. Still looking […]
*Updated for tax year 2016 Aside from Form W-2 and the usual tax documents that find their way into your mailbox during tax season, you may also receive a version of Form 1095, which is related to the Affordable Care Act. While many of us already understand what these forms mean, others are still trying to decipher what to […]
Having health insurance is one of the smartest moves you can make financially. Not only does health insurance help protect you and your family’s health; it helps protect your financial security. An unexpected injury or illness can throw both your health and finances for a loop, and that is the last thing you need. (Did […]
*Updated for tax year 2016. In January, aside from receiving your usual Form W-2 from your employer, you may receive Form 1095-C related to the Affordable Care Act (ACA). If you received health insurance outside of the marketplace exchanges in 2016, and worked for a large employer, look for Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, to arrive […]