“This post is part of a social shopper marketing insight campaign with Pollinate Media Group® and TurboTax, but all my opinions are my own. #pmedia #TurboTaxACA http://my-disclosur.es/OBsstV”
This weekend is very important and not just because it's the day we celebrate love with our friends and family, it's also the deadline to enroll in health insurance. It's your last chance to avoid penalty on your taxes next year, health insurance open enrollment ends on Sunday, February 15.
Did you know there’s a new requirement on your taxes this year? The Affordable Care Act (ACA) requires all Americans have health insurance coverage in 2014 or pay a penalty in their taxes, which means this year you have to report your insurance stats on your tax return. Luckily, it’s really easy with TurboTax. If you get insurance from work, all you have to do is check a box!
Plus, through February 16th you can file for free – Federal AND State – if you have a simple return (1040A/EZ).
I have used TurboTax from the very beginning, from my first job at 16, through college, marriage, and kids. It's absolutely hassle free, fast, and couldn't be easier. I always have felt that I got the maximum return because they don't miss a thing!
The Affordable Care Act is something we ALL need to be educated on and how it is going to affect our filings. No matter if you are an insured filer, a marketplace insured filer, or an uninsured filer these video will help clear up questions you may have. You can also check out the TurboTax Health page for more info!
I'm not gonna lie, watching my little box in the corner add up my return can be pretty fun, even more fun with an extra kid this year :) I'm sure Oliver will request we do something fun, like save it. The ying to my yang, that man.
I've always taken care of the finances and taxes for our family, it's just what works best for us. I'm curious to hear how you guys handle tax season at your house? Did you know about the new Affordable Care Act requirements for 2014?