Individual Income Tax

The Affordable Care Act includes the individual shared responsibility provision and the premium tax credit that may affect your tax return.

The individual shared responsibility provision requires you, your spouse, and your dependents to have qualifying health insurance for the entire year, report a health coverage exemption, or make a payment when you file. In addition, you may be eligible for the premium tax credit if you purchased health coverage through the Health Insurance Marketplace. Read more here...

With the Addition of the Affordable Healthcare Act’s Tax Implications, there will be additional fees accessed in the year 2016 for the 2015 Tax Filing Period.