Intuit TurboTax created a health care calculator to help you find out if you’re eligible for health insurance through a state or federal Marketplace, Medicaid, or Medicare or if you’re already set with your existing health insurance plan. It will also let you know, if you qualify for a tax credit or subsidy from the government to help you purchase your health insurance. Check it out to learn how health care reform impacts you so that you can make the best decisions for your health and your wallet. Full story
The Affordable Care Act or healthcare reform was signed into law on March 23, 2010. Some tax provisions related to the law took affect in 2010, but the requirement to purchase health insurance and how the purchase relates to your taxes doesn’t go into effect until 2014. Still, Americans remain confused about when they need to purchase health insurance and when the requirement to purchase health insurance impacts their taxes. Our experts at the American Tax and Financial Center at TurboTax put together this helpful infographic timeline to dispel the myths about healthcare reform and let you know when the key dates and events take place.
Beginning in 2014, you’ll start seeing some changes to your taxes if you purchase your healthcare coverage at a health insurance Exchange. This won’t affect your taxes if you are already covered by your employer, Medicare, or Medicaid. Full story
Starting to hear more about health care reform? You’re not alone. And you may be hearing some conflicting information about what you need to do and when you need to do it. At TurboTax, we’re here for you every step of the way so we’ve got the basic facts that you need to know. Full story
Affordable Care Act, Obamacare, or the individual health insurance mandate, they have been all the buzz today, since the individual health insurance mandate was upheld today by a Supreme Court ruling. The individual insurance mandate aims to extend health insurance coverage to 30 million uninsured Americans, but how does that ruling impact your taxes today or even the next time you file your taxes?
The Health Care Reform of 2010 comprised two pieces, first the Patient Protection and Affordable Care Act (PPACA), and the Health Care and Education Reconciliation Act of 2010. Today, I’d like to discuss the first statute, commonly referred to as the Affordable Care Act and how it might impact your wallet. Full story