TaxACT helps Americans easily navigate ACA taxes and marketplaces during open enrollment
TaxACT's calculations, guidance and partnership with GetInsured simplify taxes and health insurance.
Cedar Rapids, IA - November 25, 2014 - TaxACT®, the critically acclaimed leader of affordable tax preparation solutions, empowers Americans to confidently navigate Affordable Care Act open enrollment and taxes.
TaxACT Free Edition and Deluxe are updated with the latest tax law changes and 2015 ACA calculations. After consumers answer simple questions about their 2014 taxes and health insurance, TaxACT generates a personalized HealthWatch report with calculations and information for marketplace applications, including:
A detailed breakdown of 2014 income for a more accurate estimate of 2015 income to help recipients of the Advanced Premium Tax Credit avoid a large bill on 2015 tax returns
Policy numbers for any current plans held by household members
Basic information for each household member
HealthWatch also includes exemption guidance and an estimated individual shared responsibility payment for all of 2015 based on 2014 household and income.
"TaxACT's ACA calculations give an advantage to Americans applying for 2015 marketplace," says TaxACT President JoAnn Kintzel. "Having those exact numbers means the Premium Tax Credit and subsidy amounts you receive for 2015 are less likely to impact your refund in 2016."
Partnering with GetInsured to offer access to affordable insurance
TaxACT has renewed its partnership with GetInsured, a leading private health insurance exchange dedicated to helping individuals and families find the right plan at the best price.
GetInsured's web-based tools and licensed experts are ready to help consumers who want coverage starting January 1, to apply by the December 15 deadline. Its Estimator Tool, available at HealthCareACT.com, calculates whether users qualify for the premium tax credit and subsidies to help pay for insurance or for government-sponsored plans such as Medicaid or CHIP.
HealthCareACT.com, powered by TaxACT, offers year-by-year guidance about the tax implications of the Affordable Care Act and an individual shared responsibility payment calculator.
No need to wait – know the impact of ACA changes on your next tax return now
Americans who received a Premium Tax Credit in advance during 2014 can know today how much their next tax refund or liability will be impacted. TaxACT reconciles income with the Advanced Premium Tax Credit based on answers to simple questions about income and marketplace insurance.
TaxACT also calculates the individual shared responsibility payment for being uninsured in 2014. The amount is based on how long each member of the household is uninsured and total household income.
About GetInsured
About TaxACT
Contact
Jessi Dolmage
TaxACT Public Relations
(319) 373-3600
