Affordable Care Act and Taxes: Healthcare Coverage Deadline03.25.14
talked a lot about the Affordable Care Act since last year—boy how time flies—
and now the deadline for coverage in 2014 is upon us. March 31st marks the date
Americans are required to have health insurance, or they could face a tax
penalty when they file in 2015.
what you need to know in these final days:
- There’s a
Tax Penalty for not having health coverage -- and it may be almost 1% of your
income. The IRS could take that money out of your refund next year.
up for health coverage can stop the penalty and help you keep more of your
refund next year. For some people, coverage may be free or low cost.
- You might
qualify for a tax credit to help pay your premiums.
good, but now what? Your local Jackson Hewitt office can help. When you have
your taxes prepared at Jackson Hewitt, we can help you figure out what you
qualify for at no additional cost. It
only takes about five minutes. Plus, once we help you find out your options,
you can decide later whether to sign up (but don’t wait too long as the
deadline steadily approaches).
some special exemptions from the tax penalty, which your local Jackson Hewitt
office can also help you understand.