• Families with Children

    ACA and families with children

    Let Jackson Hewitt help you figure out what the health care laws mean to you, your family, and your taxes.

    • Beginning in 2014, everyone can get health coverage. You can’t be turned down, even if you’re sick. 
    • What happens when life happens? Life changes have a big impact on your taxes as well as your health insurance. If you get your health insurance through a state Marketplace and you get married, have a child, or your income changes during the year, then you should contact the Marketplace and adjust your coverage based on the changes. You can even do this after Open Enrollment closed, December 15, 2017, if the change happens after this date.
    • Penalties if you don't have coverage: If you didn't get and keep insurance for 2017, then you may have to pay a tax penalty when you file your tax return. The penalty is the greater of $2,085 or 2.5% of your income. If you owe a penalty, you will pay it when you file your taxes in 2018, resulting in a smaller refund or larger liability. The penalty will increase in 2018 based on an inflationary adjustment.

    • Helpful Resources

      • Find out if you may qualify to save on your health insurance premiums. Click here.
      • You may have to include a penalty for not having health insurance on your tax return. Check here for more information.