The and the Department and Human Services (HHS) are providing new resources to give answers to filers and preparers questions they may have about complying with Act requirements.
this year will for the first ask families to provide information regarding their . According toHHS, more than 75% taxpayers will simply have to check a box indicating they have .
Those who obtained through a federal or state will be mailed Form 1095-A, which they will use to report the financial assistance they received.
Taxpayers who choose not to buy even though they can afford to do so will have to pay a “ ” or penalty, unless they qualify for an exemption. The penalty is the greater 2% household income or $325 adult and $162.50 child, up to limits that will change annually.
The new information resources can be found at www..gov/ or www./taxes/. They include: