Tag Archives: health insurance
Many more taxpayers will see Form 1095’s this year. These forms are required to prove you have had health insurance coverage for the year. Due to the vast amount of work required to create this form, the IRS is granting a delay in getting versions of this form to taxpayers. Here is what you should know For 2015 tax returns, everyone employed by a company with 50 or more employees …Read More
Beginning in January, 2014, you will be required to have health insurance or face a potential penalty. The initial penalty will be $95 per individual, $285 per family or 1% of your income whichever is greater. There is also a potential penalty assessed on employers who fail to offer employees health care insurance. Beginning in January, 2014, virtually everyone will be required to have health insurance or face a potential …Read More
Beginning on October 1, 2013 a new Health Insurance Marketplace is being opened by each state. This Marketplace will allow open enrollment for uninsured to obtain health insurance. If eligible you may also receive a reduction in your insurance premium by use of a Premium Tax Credit. Should you apply the credit now or wait and receive the credit on your tax return? Here is what you need to know. …Read More