The Affordable Care Act meets your tax return

IRS Will Ask On Your 1040: Did You Have Health Insurance?.

See Line 61 on the 1040 tax form: “Health care: individual responsibility (see instructions) full-year coverage.” If the taxpayer, and spouse (if married), and all dependents had coverage all 12 months of 2014, then all’s well. Check the box and move on. For those who can’t check the box, there could be a penalty, or as the government calls it, a “shared responsibility payment.”

Have fun!


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