Publication 5187 provides information to help you and your clients understand the Affordable Care Act and its effect on their taxes. This publication explains how taxpayers satisfy the individual shared responsibility provision by maintaining minimum essential coverage, qualifying for an exemption from coverage, or making a shared responsibility payment. It also provides information about the premium tax credit, which helps make health coverage more affordable for eligible taxpayers. You will also find a glossary that defines terms related to ACA.
Monday, January 26, 2015
From the IRS Tax e-Newsletter
New
Online Resource Available for Your Clients: Publication 5187, Health Care Law:
What’s New for Individuals & Families
Publication 5187 provides information to help you and your clients understand the Affordable Care Act and its effect on their taxes. This publication explains how taxpayers satisfy the individual shared responsibility provision by maintaining minimum essential coverage, qualifying for an exemption from coverage, or making a shared responsibility payment. It also provides information about the premium tax credit, which helps make health coverage more affordable for eligible taxpayers. You will also find a glossary that defines terms related to ACA.
Publication 5187 provides information to help you and your clients understand the Affordable Care Act and its effect on their taxes. This publication explains how taxpayers satisfy the individual shared responsibility provision by maintaining minimum essential coverage, qualifying for an exemption from coverage, or making a shared responsibility payment. It also provides information about the premium tax credit, which helps make health coverage more affordable for eligible taxpayers. You will also find a glossary that defines terms related to ACA.
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