• Families with Children

    ACA and families with children
    Health care reform makes a lot of changes that will affect your family and your taxes. Jackson Hewitt is here to help you figure out what those changes mean for your family and what you can do about them.
    •  Beginning in 2014, everyone can get health coverage. You can’t be turned down, even if you’re sick.
    •  For some, coverage will be much less expensive than it has been. Some individuals can even get free coverage. Others will pay a percentage of their income for coverage, and the federal government will pay the rest.
    •  What happens when life happens? Life changes have a big impact on your taxes as well as your health insurance. If you get married, have a child, or your income changes during the year, then you can apply for and adjust your coverage under the new programs. You can do this even after March 31, 2014 if the change happens after this date.
    •  Penalties if you don't have coverage: If you don’t get and keep insurance during 2014, then you may have to pay a tax penalty the next year. The penalty could be almost 1% of your income. If you owe a penalty, you will pay it when you file your taxes in 2015, resulting in a smaller refund or larger liability.
  • What Should I Do Now? Visit your local Jackson Hewitt office. Here’s how we can help*:
    • When you file your taxes with Jackson Hewitt, we’ll simplify the process of figuring out what you qualify for.
    • We’ll do the government paperwork so you don’t have to.
    • We’ll actually help you sign up for Medicaid if you qualify. If you have kids, they may also qualify for free or low-cost health insurance in Medicaid and CHIP.
    • If you qualify for a tax credit, Getinsured.com, a licensed third-party, can actually get you enrolled in free or affordable health insurance.
    • You can just find out your options now – and decide later whether to sign up. There is no obligation. Just stop by your local Jackson Hewitt office when you are ready to file your taxes and we’ll get you started. Our service is free—and you can learn about your options without making any commitment to sign up for coverage.

      *Ask Tax Pro for details. Consistent with State law, we do not provide advice about the selection of qualified health plans and instead refer such queries to a properly licensed third-party or to the insurance marketplace. Most offices are independently owned and operated.

  • Helpful Resources

    •  Report on premium assistance tax credits under the ACA. Read PDF.
    •  Want to get technical? Check out these expert reports from the Congressional Research Service (CRS):
    •  Want to estimate how much this new coverage may cost and how big your tax credit may be? Try the Kaiser Health Subsidy Calculator
    •  Report on the individual mandate tax penalty under the ACA. Read PDF.