ACA Tax Training Webinar Part III: Comprehensive ACA Examples

In this webinar, presented on November 23, 2015, Tara Straw, Senior Health Policy Analyst at CBPP walks through several examples to illustrate how minimum essential coverage, exemptions and reconciliation of the premium tax credit are reflected on the tax return, and discusses TaxWise updates on ACA-related worksheets and forms.

This is the third session in a webinar series “ACA: What Tax Preparers Need to Know” that explains what volunteer tax preparers, outreach partners and others need to know about the Affordable Care Act to complete 2015 tax returns and to assist low-income tax clients. This series features a special guest presenter from the Internal Revenue Service (IRS)

Presentation Slides

View slide deck PDF.

Watch the Webinar

Please note: Example 6, which walks through a scenario with multiple members of a household determining eligibility for the affordability exemption based on the affordability of Marketplace coverage, were not covered during this webinar. Please refer to the resource ACA Examples for VITA/TCE Volunteers for several detailed examples on the affordability exemption, as well as other health insurance coverage scenarios. 


ACA in TaxWise

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New ACA worksheet (video section, slides)

  • Household questions
  • Full-year coverage or exemption
  • Part-year shared responsibility payment
  • Full-year shared responsibility payment
  • Page 2: Calculating the shared responsibility payment

Overview of completing ACA elements in TaxWise (video section, slides)


Basic-Level Examples

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Example 1 (video section, slides)

  • Household member born during the year
  • Variation 1: All household members have full-year coverage
  • Variation 2: One household member has partial-year coverage

Example 2 (video section, slides)

  • Income below filing threshold, uninsured all year

Example 3 (video section, slides)

  • Dependent insured through noncustodial parent

Example 4 (video section, slides)

  • Affordability exemption: Offer of coverage through an employer
  • Overview of affordability worksheet

Example 5 (video section, slides)

  • Affordability exemption: No offer of coverage through an employer
  • Overview of Marketplace coverage affordability worksheet
  • Variation: Offer of coverage through an employer for part of the year


Advanced-Level Examples

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Example 7 (video section, slides)

  • Reconciling the premium tax credit (Form 8962)
  • Household member born during the year



Additional Resources