Could ACA affect your tax refund? As we know, effective January - TopicsExpress

Could ACA affect your tax refund? As we know, effective January 1, 2014, the Patient Protection and Affordable Care Act (ACA) required most Americans, including TRICARE beneficiaries and Department of Defense (DoD) employees, to have minimum essential coverage (MEC), or pay a tax penalty for each month that they did not have coverage during 2014 and beyond. We’ve all seen the dire commercials on TV telling you how difficult this tax season may be because of ACA. Its better to get the information from the source. The IRS has released clarifying information in publication 5187, “Health Care Law: What’s New for Individuals & Families.” This publication provides information about some of the tax requirements of the ACA. irs.gov/pub/irs-pdf/p5187.pdf

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