Obamacare and Taxes: What You Need to Know Before You File
Do you have to worry about new IRS Forms 1095, 8965, or 8962? The Affordable Care Act, aka Obamacare, requires almost everyone to do one of the following three things when they file their taxes this year:
- confirm they had health insurance coverage for 2015
- claim an exemption from health coverage, or
- pay a penalty when when they file their return.
For some people, complying with the Affordable Care Act will mean filling out new tax forms. Fortunately, that’s not true for most folks -- and even those who need assistance with Obamacare’s new tax rules can get help.
Choose your state to learn more about filing your taxes in the era of health care reform.