IRS Offers Health Care Tax Tips to Help Individuals
Understand Tax Provisions in the Affordable Care Act
Internal Revenue Service is offering educational Health Care
Tax Tips to help individuals understand how the Affordable
Care Act may affect their taxes.
The IRS has designed the
Health Care Tax Tips to help people understand what they
need to know for the federal individual income tax returns
they are filing this year, as well as for future tax returns.
This includes information on the Premium Tax Credit and making
health care coverage choices.
Although many of the tax provisions included in the law went
into effect on Jan. 1, 2014, most do not affect the 2013 tax
The Health Care Tax Tips, which are now available at IRS.gov/aca,
Reminds Individuals of Health Care Choices for 2014 ─
Find out what you need to know about how health care choices
you make for 2014 may affect your taxes.
Health Insurance Marketplace - Learn about Your Health
Insurance Coverage Options – Find out about getting health
care coverage through the Health Insurance Marketplace.
Premium Tax Credit ─ Learn the basics of the Premium
Tax Credit, including who might be eligible and how to get the
credit. The premium tax credit can help make purchasing
health insurance coverage more affordable for people with
Individual Shared Responsibility Payment – An Overview
─ Provides information about types of qualifying coverage,
exemptions from having coverage, and making a payment if you
do not have qualifying coverage or an exemption.
Timely Tips about Taxes and the Health Care Law ─
Provides tips that help with filing the 2013 tax return,
including information about employment status, tax favored
health plans and itemized deductions.
Tax Facts about the Health Care Law for Individuals ─
Offers basic tips to help people determine if the Affordable
Care Act affects them and their families, and where to find
in Circumstances can Affect your Premium Tax Credit ─
Learn the importance of reporting any changes in circumstances
that involve family size or income when advance payments of
the Premium Tax Credit are involved.
In addition to Health Care Tax Tips, the
website offers informative flyers and brochures, Frequently
Asked Questions and in-depth legal guidance regarding the tax
provisions of the Affordable Care Act.
Source: IR-2014-19, Feb. 25, 2014
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