With the 2017 tax filing season approaching, it’s not too early to think about how the health care law affects your taxes. The Affordable Care Act requires you and each member of your family to do at least one of the following:
Find out if you’re eligible for a coverage exemption or must make a payment by using our interactive tool, Am I eligible for a coverage exemption or required to make an Individual Shared Responsibility Payment?.
Federal tax returns that do not reflect at least one of these options – reporting health care coverage, claiming a coverage exemption or reporting a shared responsibility payment - will be rejected if the return is filed electronically. If filed on paper,tax returns that do not reflect at least one of these options will take longer to process and any refunds will be delayed.You should respond promptly to IRS correspondence about your health care coverage.
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