Solutions to Make Better Decisions with Your Taxes and Money

12 Things Business Owners Need to Know about the ACA

If you have employees, you know that you may be required to provide health insurance for your employees or pay a fine under the Affordable Care Act (ACA). Providing health insurance coverage is just one facet of the ACA requirements you may have to meet. As the ACA becomes more fully implemented, additional reporting requirements […]

7 Life Events That Qualify You for Special Enrollment Period

Under the Affordable Care Act you can usually only buy a health insurance plan, apply for subsidies to help pay for coverage, or switch plans is during the annual open enrollment period. The purpose of this rule is to keep people from waiting until they are sick or they suspect they may be sick to […]

IRS Sets July 31 as Deadline to File 2014 Tax Returns for ACA Premium Tax Credit

The IRS has just announced some important information for taxpayers who filed an extension for the 2014 tax year. The deadline for filing your 2014 Federal return is October 15, 2015, but you may want to file sooner. If you purchased health insurance coverage through a government-sponsored health insurance marketplace and want to keep your […]

ACA Advance Premium Tax Credits Continue

On Thursday, June 25, 2015, the Supreme Court ruled in favor of tax subsidies for qualified taxpayers who purchase insurance through federally-run exchanges. In short, advance premium tax credits will continue. This is good news for millions of Americans who enrolled in health insurance through the federal marketplace and receive tax subsidies to help offset […]

What Are the Tax Subsidies for the Affordable Care Act?

One of the central objectives of the Patient Protection and Affordable Care Act — also known as the ACA or “Obamacare” — is to make health care coverage more affordable for millions of Americans who previously couldn’t get, or couldn’t pay for, health insurance. The ACA accomplishes this, in part, by offering tax subsidies to […]

How the Affordable Care Act May Impact Your 2014 Tax Return

The 2014 tax year brings some new changes, thanks to the Affordable Care Act, or ACA. You may need to answer more questions as you prepare your return, and you may have to pay more – or less – tax based on the provisions of the ACA. Here’s how the ACA may affect your 2014 […]

How the Advanced Premium Tax Credit Impacts 2014 Tax Returns

If you bought health insurance through a government-sponsored marketplace, you may be receiving a tax credit that helps pay for your health insurance premiums. Because the credit is directly sent to your insurance company to offset your premiums, you never see the cash. It would be easy to forget about the credit altogether. If nothing […]

Are You Uninsured? Find Out If You Qualify for a Health Insurance Penalty Exemption

2014 is the first year that individuals in the U.S. may have to pay a penalty if they don’t have sufficient health insurance under the Affordable Care Act. If you have minimum essential coverage through your employer or that you’ve purchased on your own or through your state’s marketplace, you likely don’t need to worry […]

Read This Before You Let Your ACA Plan Autorenew for 2015

If you are enrolled in a health insurance plan you purchased through the Affordable Care Act exchanges (or marketplaces), your plan is set to autorenew this fall. You don’t have to do anything extra to keep your policy in force for 2015. That’s the good news. The bad news is that if you don’t look […]