A Tax Season Resource for Those Who Work
in Direct Care and Their Employers


Making the Most of Your Return

Tax time is the perfect time to add to your savings, or start saving for the very first time.

Save Your Refund – The IRS makes it easy to save at tax time. When you file your taxes, simply fill out IRS Form 8888, and you can split your refund – save a part of it, and get a part of it. By saving your refund, you can also enter to win monthly and annual prizes through SaveYourRefund, sponsored by Doorways to Dreams Fund. Go to SaveYourRefund for more information.

"Tax Time and the Affordable Care Act"

There are a lot of questions out there about how the Affordable Care Act (ACA) will impact people at tax time. Here are some basic questions and answers that can help make things clearer.

Do I need to have filed a past tax return to be eligible for a health insurance premium tax credit in 2014?
No, but if you do receive this credit during 2014, you will have to file a return during the 2015 tax-filing season. This return will verify that you received the correct credit amount for insurance coverage in 2014.

What if I receive a premium tax credit in 2014 but do not file a return during the 2015 tax-filing season?
You could lose eligibility for receiving the credit in later years.

Will any health insurance penalties be assessed on clients during the 2014 tax-filing season?
No. Individuals are not required to have coverage in 2013 and will not have to prove coverage during the 2014 tax-filing season.

What health insurance information do I need to take with me during the 2014 tax-filing season?
Nothing will need to be reported or calculated related to health care coverage on Tax Year 2013 returns filed during the 2014 tax-filing season.

Source: Adapted from National Community Tax Coalition.

If you would like more information on enrolling in health insurance coverage through the Affordable Care Act, go to http://www.healthcare.gov, or to find a local Navigator in your area that can help you enroll in coverage, go to https://localhelp.healthcare.gov/.

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