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Wednesday, August 27, 2014

Obamacare fans, here is what you have been waiting for.

Obamacare fans, here is what you have been waiting for.

http://www.ahla.com/uploadedFiles/f1095a--dft.pdf

If you bought an Obamacare plan through hc.gov and received a premium subsidy or APTC, you will need to file form 1095-A with your taxes.
But wait, there's more.

You (and your tax adviser) might also be interested in form 8962

http://www.irs.gov/pub/irs-dft/f8962--dft.pdf

And you thought this was going to be easy.

The details are inside

News Distribution Network, Inc.

Basically if you miscalculated (or just had a stroke of mid-year good luck) and end up making too much income, you're going to have to refund at least some of your subsidy back to Uncle Sugar.

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