Interactive Tools Help You Understand Health Care Law’s Effect on Your Taxes
IRS Heath Care Tax Tip 2016-42, April 7 2016
The Interactive Tax Assistant tool is an online resource that can answer a wide range of your tax questions. When it comes to the Affordable Care Act, they can answer questions such as:
- Am I Eligible to Claim the Premium Tax Credit?
This interview tool will help you determine if you are eligible for the premium tax credit.
- Am I Eligible for a Coverage Exemption or Required to Make an Individual Shared Responsibility Payment?
This interview tool will help you determine if you are eligible for an exemption or if you must make an individual shared responsibility payment with your return.
The Interactive Tax Assistant takes you through a series of questions; conclusions are based on your responses. When using the tool, you get the same answers as if you’d called and spoken with an IRS representative on the phone. You can print out the answers for your records.
You can also use the Individual Shared Responsibility Payment Estimator, which can help you estimate the amount you may have to pay if you did not have minimum essential coverage during the year.
Find answers to your questions about the health care law and filing your 2015 income tax return on IRS.gov/aca.