Skip to comments.Wondering how Obamacare affects your tax return? Relax: You just need to know your NABPP and SLCSP
Posted on 01/08/2015 5:18:08 PM PST by Libloather
Wondering how Obamacare affects your tax return? Relax: You just need to know your NABPP and SLCSP from your SRP, MEC and ECN and follow the IRS's 21 PAGE guide
- Lengthy and impersonal 'Publication 5187' is now available as Americans grapple with Obamacare's impact on their annual tax returns
- Includes 4-page glossary of terms and acronyms taxpayers need to understand because of the Affordable Care Act
- Boiled down: Get medical insurance, prove you aren't required to, or pay a new tax
- Some example scenarios in the IRS manual are more than 150 words long, use confusing language and refer taxpayers to still more instructions
The manual, called 'Publication 5187 Health Care Law: Whats New for Individuals & Families,' is 21 pages long and written with all the compassion of a mediaeval dentist.
(Excerpt) Read more at dailymail.co.uk ...
VA, Affordable Care Act and You
What is the Affordable Care Act?
The Affordable Care Act, also known as the health care law, was created to expand access to coverage, control health care costs and improve health care quality and care coordination. The health care law does not change VA health benefits or Veterans out-of-pocket costs.
Three things you should know:
1 VA wants all Veterans to receive health care that improves their health and well-being.
2 If you are enrolled in VA health care, you dont need to take additional steps to meet the health care law coverage standards. The health care law does not change VA health benefits or Veterans out-of-pocket costs.
3 If you are not enrolled in VA health care, you can apply at any time.
Veterans Enrolled in VA Health Care
The good news is that Veterans enrolled in VA health care programs have health coverage that meets the new health care laws standard. You do not have to take any additional steps to have health coverage. Read more if enrolled
Veterans Not Enrolled in VA Health Care
Veterans not currently enrolled in VA health care program can apply for enrollment at any time. Read more about enrolling
VA offers health care benefits for certain family members of Veterans through programs such as the Civilian Health and Medical Program of the Department of Veterans Affairs (CHAMPVA) and the Spina Bifida program. Read more about VA family programs
Your family members who are not enrolled in a VA health care program and who do not meet the health care law coverage standards should use the Marketplace to get coverage.
Additional Health Care Law Information
We understand you may have questions about the health care law and how it might affect you and your family. We compiled basic information about the health care law to help you make informed decisions about your health care. Let us know if you have questions regarding the health care law and your VA health care at 1-877-222-VETS (8387). After all, ensuring you receive quality health care is not just our obligation, its also our privilege.
What the hell.....???????????????????
I just go to TurboTax and let them do the math.
Easy; cheap; no hassle; email filings for both state and feds. Nothin’ to it.
Yep, HELL is where it came from.
Just trying to make sense of the examples is making me cross-eyed and weary.
The EXEMPT in Congress, their staff, their families,
and all Moslems can ignore this new TAX for American
All those Lefties who are so smugly happy with their Obamacare, heavily subsidized ..... well folks, here’s what YOU get to fill out if you got a subsidy .... looks like fun!:
(check out form 8962 at this link)
I use Turbo also, but I’m afraid computers have really been an enabling device for the FedGov continue to make the tax code mind numbingly complex.
I am my household ..!!
BUMP! BUMP! BUMP!
I very much doubt that TurboTax implements this particular part of the tax scheme.
The IRS hired 15,000 attorneys and accountants for this.
So no surprise here.
To paraphrase the song:
Lawyers write paragraphs of regulations
There is no "either or" to choose from - it appears to show all numbers added together, not the lesser of any of three choices
How do you know that .. have you heard from them ..??
I’ve used them for years, and they always seem to be ahead of the curve.
But .. I don’t give a rip what you use.
In fact, everyone should just file/demand an immediate filing extension.
The USSC has hinted they won't decide to decide untill June 2015, on the tax subsidies and schedules for 2014.
Hopefully, most people here don't use the IRS as their savings account, and don't anticipate/expect a large tax refund from the Feds.
Actually, it is proper to use "and" in this case. Here, "and" does not have the meaning "plus."
Think: "The richest of the following four brothers: Ted, Fred, Steve, and Bill."
However, I assert that the word "lesser" is wrong, and should be "least."
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