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Professional Tax Software News & Advice

3 Tips About Marketplace Coverage & Your Clients’ Taxes


Your clients’ health coverage through the Health Insurance Marketplace may affect their taxes:
• If anyone in your household enrolled in a health plan through the Marketplace in 2014, you’ll need some new information when you file your federal income taxes.
• If you didn’t have health coverage for 3 or more months in 2014, you can apply for an exemption or you might have to pay a fee. [More]