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Affordable Care Act Tax Provisions News

New electronic publication 5172: Facts about Health Coverage Exemptions
Aug. 8, 2014 - The individual shared responsibility provision of the Health Care Law requires you and each member of your family to: • have qualified health insurance, also called minimum essential coverage, • have an exemption, or • make a shared responsibility payment when filing your federal income tax return. If you meet certain criteria, you will be exempt from the individual shared responsibility provision and will not have to obtain coverage or make a shared responsibility payment.

New electronic publication 5152: Report changes to the Marketplace as they happen
May 28, 2014 - You can choose to have all or part of the Premium Tax Credit paid in advance to your insurance company. If you choose to have the credit paid in advance, it is important to report changes in circumstance to the Marketplace as they happen.

New electronic publication 5156: Individual Shared Responsibility Provision
May 27, 2014 - The Individual Shared Responsibility Provision of the Health Care Law requires you and each member of your family to have qualifying health insurance, have an exemption, or make a shared responsibility payment.

Find out if You Qualify for a Health Insurance Coverage Exemption
Apr. 17, 2014 - Some people may be exempt from the requirement to maintain qualifying health insurance coverage. This Health Care Tax Tip discusses exemptions from the requirement.

Find Out if Your Health Insurance is Considered Minimum Essential Coverage
Apr. 12, 2014 - Minimum essential coverage includes coverage under various health care plans. This Health Care Tax Tip will help you determine if your coverage qualifies.

IRS launches new Individual Shared Responsibility website
Mar. 25, 2014 - Many people already have qualifying health care coverage and do not need to do anything more. Others may qualify for exemptions or may make payments when they file next year.

Time may be running out, March 31 is an important deadline
Mar. 25, 2014 - Most people need to do nothing but maintain their health care coverage. Some people may need to make important decisions by the March 31 deadline for Marketplace open enrollment.

Check out the Small Business Health Care Tax Credit before the 2013 Deadline
Mar. 17, 2014 - With business tax-filing deadlines fast approaching, the Internal Revenue Service encourages small employers that provide health insurance coverage to their employees to check out the small business health care tax credit and then claim it if they qualify.

“Hechos sobre el Crédito Tributario de Prima” - Premium Tax Credit publication 5120 available in Spanish
Mar. 17, 2014 - Premium Tax Credit flyer is now available in Spanish. Publication 5120(SP) can be used as a Spanish resource for outreach and education.

Health Care Tax Tips - Current Month
Feb. 25, 2014 -- New Health Care Tax Tips help people learn what they need to know about the Affordable Care Act for filing tax returns this year and in the future. You can view them on or subscribe for automatic email updates.

Employer Shared Responsibility
Feb. 10, 2014 - Final rules answer questions about compliance; ensure volunteers do not count as full-time employees; and phases in provisions for employers with 50-99 full-time employees and those who offer coverage to most but not all full-time workers.

Reporting Employer-Provided Health Coverage on Form W-2
Jan. 27, 2014 - Employers may need to report employer-sponsored health care coverage amounts on W-2 forms being issued this January 2014. Individuals do not have to pay taxes on these coverage amounts and should not report it as income.

IRS Notices address reliance and correction procedures for Tax Exempt Hospitals
Jan. 23, 2014 - Notices 2014-2 and 2014-3 provide the most recent guidance for Tax Exempt Hospitals under section 501(r) of the Internal Revenue Code.

Premium Tax Credit electronic flyer (IRS Publication 5120) released
Jan. 10, 2013 - If you get your health insurance coverage through the Health Insurance Marketplace, you may be eligible for the Premium Tax Credit. This tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes.

Medical Loss Ratio section 833 final regulations issued
Jan. 6, 2014 - IRS issued final regulations on January 6, 2014 that describe how the Medical Loss Ratio for purposes of section 833 is computed.

Health Insurance Marketplace Opens – find out more
Oct. 1, 2013 - The Marketplace is where you can find health insurance coverage options and enroll in the coverage that fits your budget and meets your needs.

You may be eligible for the Premium Tax Credit
Oct. 1, 2013 - Starting in 2014, if you get your health insurance coverage through the Health Insurance Marketplace, you may be eligible for the Premium Tax Credit.

Research trust fund fees due July 31 from health insurers and plan sponsors
July 19, 2013 – The new Patient-Centered Outcomes Research Trust Fund fees are due July 31, 2013 from health insurers and plan sponsors of self-insured plans. The fee is paid annually using Form 720, Quarterly Federal Excise Tax Return. The payment, paid through the Electronic Federal Tax Payment System (EFTPS), should be applied to the second quarter (in EFTPS, select Q2 for the Quarter under Tax Period on the "Business Tax Payment" page).

Healthcare Online Resource electronic flyer (IRS Publication 5093) released (pdf)
July 12, 2013 – Guide to federal web sites with health care information for Individuals, Families and Employers.

2014 Transition Relief for Information Reporting and Employer Shared Responsibility Payments announced – provisions optional for 2014 and mandatory for 2015 (Notice 2013-45)
July 11, 2013 - Transition Relief for 2014 Under § 6055 (Information Reporting for Insurers, Self-Insuring Employers and Other Providers), § 6056 (Information Reporting for Applicable Large Employers) and § 4980H (Employer Shared Responsibility Provisions).

Page Last Reviewed or Updated: 25-Jun-2015