For most of your clients, it will be another check the box year on Form 1040, indicating they had qualifying health care coverage for the entire year. Tax year 2016 marks the third year that Americans are required to report their health insurance status on their tax returns under the ACA.
As we navigate through the next tax season, here are the most important ACA changes and provisions carried over from last year that you, your staff and clients need to know about. Tax year 2016 is shaping up to be another busy year for tax professionals across the country keeping up to date with the latest Affordable Care Act (ACA) changes is instrumental in servicing your clients the best way possible.
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