Danielle (28) and Mike (29) are married. They have two children, Alex (4) and Alicia (7), who live with them all year. Danielle and Mike file a joint return and have combined wages of $18,800. They have no other income. The couple is not required to file a tax return, but do in order to claim the earned income and additional child tax credits. Neither Danielle nor Mike had health insurance coverage in 2014, but both children were covered through CHIP. Are they eligible for an exemption from health insurance coverage under the Affordable Care Act (ACA)?<\/p>\n
If your head is spinning a little bit reading that, you are not alone. I have no clue what the answer is. I dug it out of one of the training manuals for our H&R Block tax professionals. It was nestled alongside pages and pages of information, including phrases like \u201cbronze premium limitation,\u201d \u201cshared responsibility payment\u201d and \u201cyear of marriage calculation.\u201d It\u2019s like a whole other language.<\/p>\n
The good news is that we are training our tax professionals to help you navigate these tricky issues. An ACA Specialist is tax pros at H&R Block, that complete several hours of training, both online and in person, to help them be prepared. What\u2019s more, if they run into a stumper question, our experts at\u00a0The Tax Institute<\/a>\u00a0(they are attorneys, CPAs, former IRS agents and more) are just a call or a click away with more help.<\/p>\n By the way, the answer to that first question is yes, Mike and Danielle would be eligible for an exemption.<\/p>\n You can talk with these tax pros \u2013 no appointment necessary! \u2013 on January 8. Our offices will be open and available to talk all things Affordable Care Act. You can even get a free ACA Tax Impact Analysis that will tell you how you may be impacted by the ACA.<\/p>\n