This is the fifth session in a new webinar series titled “ACA: Everything You Need to Know.” The series is designed to help VITA sites and outreach partners prepare for the tax season.

Presentation Slides

View slide deck.

(Please note the slides 4-6 have been updated. The video recording does not reflect these updates.)

Watch the Webinar

Common Errors

(View video, View slides)

Review: Definitions of income

–  For premium tax credits

–  For exemptions

Problem: Why is TaxWise calculating a penalty?

TaxWise ACA Worksheet

Problem: Does this employer-sponsored plan qualify as minimum essential coverage?

Marketplace exemptions

Affordability exemption

Premium tax credits: Form 1095-A

Advanced Reconciliation

(View video, View slides)

Marriage

–  Alternate marriage calculation

Shared policy allocations

–  What is a shared policy?

–  Divorce

–  Separation

–  “Shifting” enrollee

Q&A

Additional Resources

• Downloadable PowerPoint presentation slides | PPT slides
• ACA: Everything You Need to Know Webinar Series | Learn more
• Affordable Care Act Survival Kit | View kit
• The Tax Preparer’s Guide to the Affordable Care Act | View guide
• CBPP’s National Tax Credit Outreach Campaign | eitcoutreach.org

This is the fourth session in a new webinar series titled “ACA: Everything You Need to Know.” The series is designed to help VITA sites and outreach partners prepare for the tax season.

Presentation Slides

View slide deck.

Watch the Webinar

Review: Steps in the Tax Return Related to the ACA

(View slides, View video)

Individual Shared Responsibility Payment (ISRP)

(View slides, View video)

What is the individual shared responsibility payment?

How is the ISRP calculated? (slides, video)

–  Partial year coverage

–  Example: Filing single

–  Example: Married filing jointly

ISRP in TaxWise (slides, video)

Exemptions Update

(View slides, View video)

Code G exemption: individuals in states that did not expand Medicaid

Putting It All Together

Example 1 (slides, video)

Example 2 (slides, video)

Q&A

Additional Resources

• Downloadable PowerPoint presentation slides | PPT slides
• ACA: Everything You Need to Know Webinar Series | View series
• Affordable Care Act Survival Kit | View kit
• The Tax Preparer’s Guide to the ACA | View guide
• CBPP’s National Tax Credit Outreach Campaign | eitcoutreach.org

This is the third session in a new webinar series titled “ACA: Everything You Need to Know.” The series is designed to help VITA sites and outreach partners prepare for the tax season.

Presentation Slides

View slide deck.

Watch the Webinar

What Are Premium Tax Credits?

(View video, View slides)

What are premium tax credits (PTC)?

Eligibility criteria for PTC (video)

Application process (video)

How is the PTC amount determined? (video)

–  Ex: PTC varies based on the cost of the benchmark plan

How is a PTC claimed? (video)

Receiving too much or too little in advanced payments of PTC (video)

PTC at Tax Filing

(View video, View slides)

Who must file form 8962

Form 8962, Part I (video)

–  Family size

–  Modified AGI (MAGI)

–  Income based on federal poverty line (FPL)

–  Annual contribution for health care

Form 8962, Part II (video)

–  Line 9

–  Line 10

–  PTC terminology (video)

–  How will a tax preparer know any of this information?

–  Line 24 and 25

–  Line 26

Form 8962, Part III (video)

–  Repayment of PTC received in advance

Examples

(View video, View slides)

Walking through new tax forms

–  Example: John (single filer)

Why might the projected PTC differ from the final PTC? (video)

–  Example: Income higher than initial projection (video)

–  Example: Income falls under 100% FPL (video)

–  Example: Dependent income (video)

–  Example: Married person, separated (video)

What can a tax preparer tell a person with a repayment? (video)

Q&A

Additional Resources

• Downloadable PowerPoint presentation slides | PPT slides
• ACA: Everything You Need to Know Webinar Series | Learn more
• Affordable Care Act Survival Kit | View kit
• The Tax Preparer’s Guide to the Affordable Care Act | View guide
• CBPP’s National Tax Credit Outreach Campaign | eitcoutreach.org

This is the second session in a new webinar series titled “ACA: Everything You Need to Know.” The series is designed to help VITA sites and outreach partners prepare for the tax season.

Presentation Slides

View slide deck.

Please note that the slide deck has been updated to include a new exemption regarding individuals who are ineligible for Medicaid based on a state decision not to expand Medicaid. The video has not been updated. 

Watch the Webinar

Exemptions

(View video, View slides)

What is minimum essential coverage (MEC)?

Who needs an exemption? (video)

Form 8965 (video)

–  Exemptions granted by the Marketplace

–  Exemptions for the entire household

–  Exemptions for individuals

Types of exemptions (video)

Exemptions for the Household

(View video, View slides)

Income below the tax filing threshold

Exemptions for Individuals

(View video, View slides)

Exemptions for individuals claimed on the return

Code C: U.S. citizens living abroad and certain noncitizens (video)

Code B: Short coverage gap (video)

Code G: Coverage gap prior to obtaining MEC that is effective by May 1, 2014 (video)

Code H: Non-calendar year employer-sponsored plan (video)

Exemptions for particular individuals (video)

Code H: Limited Benefit Medicaid and TRICARE (video)

Code A: Coverage is unaffordable (video)

–  Example: Affordability exemption (video)

Exemption: Aggregate Cost of Coverage (video)

Marketplace Exemptions

(View video, View slides)

Why apply through the Marketplace?

Marketplace exemptions: Hardship (video)

–  Ineligible for Medicaid based on state decision not to expand (video)

–  Applying for a hardship exemption (video)

Q&A 

Additional Resources

• Downloadable PowerPoint presentation slides | PPT slides
• ACA: Everything You Need to Know Webinar Series | Learn more
• Affordable Care Act Survival Kit | View kit
• The Tax Preparer’s Guide to the Affordable Care Act | View guide
• CBPP’s National Tax Credit Outreach Campaign | eitcoutreach.org

In this webinar, Tara Straw, Senior Health Policy Analyst at CBPP, provides an overview of the Affordable Care Act (ACA) and discusses the requirements to have coverage, including who it applies to, what coverage meets the minimum requirements, and how to account for insurance coverage on the tax return. 

This is the first session in a new webinar series titled “ACA: Everything You Need to Know.” The series is designed to help VITA sites and outreach partners prepare for the tax season.

Presentation Slides

View slide deck.

Watch the Webinar

Welcome to the ACA
Presented by Tara Straw, Senior Health Policy Analyst
(View video, View slides)

What is the Affordable Care Act?

Steps in the tax return related to the ACA

How Does the ACA Work
(View video, View slides)

Shared responsibility and two new coverage options

What are premium tax credits (PTC)? (video)

–  Eligibility criteria

–  Payments and repayments

–  Why should you care about Marketplace enrollment

Medicaid expansion (video)

Minimum Essential Coverage (MEC)
(View video, View slides)

What is MEC?

Verification of MEC (video)

–  Tax forms that show evidence of coverage

Information from clients at intake (video)

–  Example: Reyes Family

Common Questions
(View video, View slides)

What happened during the first open enrollment?

What can we tell a client who is uninsured? (video)

Outreach (video)

–  Before tax season

–  During tax season

How do I work with an in-person assister?  (video)

What should clients bring to the site? (video)

EITC Outreach
Presented by Roxy Caines, EIC Campaign Director
(View video, View slides)

 EITC outreach resources

Additional Resources

• Downloadable PowerPoint presentation slides | PPT slides
• ACA: Everything You Need to Know Webinar Series | Learn more
• Affordable Care Act Survival Kit | View kit
• The Tax Preparer’s Guide to the Affordable Care Act | View guide
• CBPP’s National Tax Credit Outreach Campaign | eitcoutreach.org