When you prepare your taxes this year do not be surprised by questions about your health insurance. When preparing your 2014 Federal income taxes there are several taxes, credits and forms that relate to health insurance coverage. For some people this will mean larger refunds, for others it will mean additional penalties and taxes. The Affordable Care Act implemented these credits and penalties as a means to incentivize or penalize, thereby increasing the number of people with health insurance.
Learn more about Health Insurance and Your Tax Return.