Affordable Care Act

ACA & Your Taxes

The tax return is where health care meets taxes. All tax filers must report the value of their health plan on their tax return, and this will be enforced by the IRS. Those who do not have health insurance coverage will pay a tax penalty if they do not qualify for a coverage exemption.  

Penalties & Exemptions

  • Under the ACA, individuals may face a tax penalty for not having health insurance.
  • Businesses with 100 or more full-time employees during the 2015 tax year or 50 or more full-time employees during the 2016 tax year are required to offer health insurance coverage or face a tax penalty.
  • Depending on your circumstance, you may be able to qualify for a coverage exemption from the penalty. Take a look below at all of the acceptable exemptions and how you apply for them:


ACA Exemptions Chart


Tax Credits

Persons who enroll in a Marketplace plan may receive a Premium Tax Credit, also known as a tax subsidy, which are available to individuals and businesses to lower the cost of having insurance. This credit must be reconciled on your tax return. Calculate your subsidy here.

Important ACA Dates & Deadlines

  • November 1, 2015: Open Enrollment starts for coverage in 2016
  • December 15, 2015: Last date to enroll for coverage to start January 1, 2016
  • December 31, 2015: Coverage ends for all 2015 Marketplace plans
  • January 1, 2016: Coverage for 2016 can begin
  • January 31, 2016: Open Enrollment for coverage in 2016 ends
  • April 18, 2016: Last day to file taxes or apply for a 6-month filing extension

FAQ & Glossary

Still have questions? Need some clarification? Our ACA experts have got you covered. Get answers to your commonly asked questions and find glossary terms here.