Posted by: Kaplan Financial Education
Date: December 23, 2014
The IRS has a new publication that will help you learn how the Affordable Care Act affects your taxes. IRS Publication 5187, Health Care Law: What’s New for Individuals and Families, is now available on IRS.gov/aca. The publication highlights what's new for the 2014 federal tax return you'll be filing in 2015.
The new publication provides important information for taxpayers who:
The publication includes a glossary that will help you understand new terms related to the ACA. It also addresses the new lines for reporting ACA information on Forms 1040, 1040-A and 1040-EZ.
You can access the publication at http://www.irs.gov/pub/irs-pdf/p5187.pdf, or by typing “p5187” into the search window at the top of any IRS.gov page or “5187” in the Forms and Pubs search window on IRS.gov.