Tax time is here!
Yes, I know.
Thinking of taxes is not exactly a favorite thing to do for most people.
(To say the least.)
If you thought tax time was challenging before, this year it’s going to be even more interesting.
Because this is no ordinary tax season.
Affordable Care Act (ACA) implementation
This tax filing season marks the beginning of the ACA implementation
Under the Affordable Care Act (ACA) every American is required to have minimum essential health coverage.
Or be prepared to make a shared responsibility payment.
There are some exemptions – including religious objections and financial hardship.
(Your tax professional will inform you of all the necessary reporting requirements.)
How do you feel about this?
Yes, we can all agree our healthcare system needs a major overhaul.
Is this the answer?