Tax Year 2015
This webinar series for volunteer tax preparers, outreach partners and others explains what tax preparers need to know about the Affordable Care Act to complete 2015 tax returns and to assist low-income tax clients.
The first three parts in this series feature a guest presenter from the Internal Revenue Service (IRS).
Part I: Basic Certification Topics: Minimum Essential Coverage, Exemptions & the Shared Responsibility Payment
Monday, October 26, 2015
The first webinar covers topics VITA/TCE volunteers must know to certify at the Basic level. This includes determining whether each person in the household had coverage for each month of 2015, whether a coverage exemption applies, and how to calculate the shared responsibility payment.
Part II: Advanced Certification Topic: Premium Tax Credits
Monday, November 2, 2015
The second webinar covers the Advanced Certification topic of the premium tax credit (PTC). The webinar discusses how to calculate the final premium tax credit on the tax return and handle some of the common problems taxpayers encountered last year with Form 1095-A.
Part III: Comprehensive ACA Examples
Monday, November 23, 2015
The third webinar 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.
Additional recording: Talking Through the Affordability Exemption
Recorded March 30, 2016
This presentation reviews the affordability exemption and walks through several basic examples of how to calculate whether a person is eligible for the exemption.