October 2014

Affordable Care Act -- IRS resources

Yes, indeed the Affordable Care Act is here, encouraging all of us to obtain health insurance.  Whether or not you have health insurance will impact your 2014 tax return filings.  You may be eligible for a credit to help you pay your premiums.  Or, you may be penalized for not having insurance with what is called the Shared Responsilibty Provision.  Heck, you can even have both in the same year!

The IRS has some publications and web pages to help you decipher.  Check out: