2014 ACA Health Coverage May Affect Your Income Taxes

Your 2014 ACA health coverage may affect your income taxes, particularly if you received a subsidy. You may have to complete additional tax forms and provide additional information when you file your 2014 federal income tax return. For those that didn’t have health coverage for some or all of 2014, you may be required to get a health coverage exemption or pay a tax penalty with your tax return.  The following links will provide you additional information on these topics.

These links are to the IRS and Healthcare marketplace websites.

 http://www.irs.gov/Affordable-Care-Act/Individuals-and-Families

 https://www.healthcare.gov/taxes/