Thanks Obamacare: 3 Tips for Filing Taxes

CMS (Center for Medicare and Medicaid Services) has come out with a helpful document titled: 3 Tips About Marketplace Coverage & Your Taxes

The tips are:

  1. Watch your mail for Form 1095-A. It will help you file your 2014 federal taxes.
  2. Your final premium tax credit for 2014 will be computed with your federal income tax return. Use Form 8962
  3. If you didn’t have health coverage for part of 2014, use Form 8965.

The complexity is mind boggling. If you are receiving a subsidy, say goodbye to Form 1040EZ. Have a problem, call your Washington legislatures.

Download (PDF, 165KB)

 

 

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