How Will the Proposed Healthcare Reform Affect Reporting?
Most Americans are aware that the House of Representatives recently passed the “American Health Care Act” (AHCA). But what does this mean? First of all, the Affordable Care Act (ACA), or Obamacare, is not necessarily going away. There is a process that the AHCA (and any House-approved bill) must first complete before becoming law. This […]
Guide to Marketplace Open Enrollment
Marketplace Open Enrollment for 2017 health insurance is just around the corner, and whether you sign up for health insurance on healthcare.gov or through your state Marketplace, your local Dallas CPA is here to help guide you through the process. Whether you have had a change in life circumstance, are self-employed and need access to […]
What is the Additional Medicare Tax and Who Pays It?
On Nov. 26, 2013, the IRS issued final regulations implementing the Additional Medicare Tax (AMT) as added by the Affordable Care Act (ACA). Some taxpayers may be required to pay an Additional Medicare Tax if their income exceeds certain limits. Here are some things that you should know about this tax: Tax Rate. The Additional […]
Claim the Premium Tax Credit & Reconcile Advance Credit Payments on Your 2015 Income Tax Return
Filing your taxes according to the Affordable Care Act (ACA) includes extra steps that didn’t exist prior to 2014 tax returns. Many people who had health insurance either through the Marketplace or their employer may have made small mistakes on 2014 taxes, causing the need to file an amended return. Below, we explain the premium […]
