1789, Ben Franklin spoke of two certainties in life, death and taxes. He could have added a third – change.
The Affordable Care Act was signed into law in 2010, and it has brought with it great change to health insurance and the tax code. The law requires Americans and legal residents to have health insurance. It provides for tax credits to help individuals pay for insurance, depending on their income and family size. Those who do not have health insurance or a coverage exemption must pay a penalty when they file their taxes.
Since the law’s passage, much has been written about Obamacare; still many people find themselves confused or unsure of how the law relates to their individual situation. If that is where you find yourself, this ebook is for you. It is a practical and easy-to-navigate guide that will give you a good grasp of the ACA and what it means to you.
You may wonder why Liberty Tax Service, a tax preparation company, cares about health insurance. That’s because Obamacare has changed our business, too. It has created an intersection of health insurance and tax preparation. At Liberty Tax, we have spent a great deal of time building our expertise on the law, so that we can help you. We’ve put much of what we know into this book.
Download the guide to learn more about the ACA and how it will affect your taxes.