This webinar, presented on December 18, 2019,  explains how to reconcile the premium tax credit, which provides significant financial assistance to low- and moderate-income families who purchased coverage in the marketplace. This is an advance ACA certification topic for VITA and TCE volunteers.

This webinar is designed to help VITA/TCE sites and other volunteer tax preparers understand the ACA components of a tax return in order to assist low-income tax clients for the 2019 tax season.

Presentation Slides

↓ View presentation slides (PDF)

↓ Download PowerPoint presentation slides (PPT)

Watch the Webinar

Additional Resources

Premium Tax Credits Tips and Tricks (TY2019) | View resource

Resources for Volunteer Tax Preparers | View resources

As part of the ACA tax training webinar series for VITA/TCE volunteers presented on November 15, 2018, this webinar gives an overview of basic ACA certification topics for VITA and TCE volunteers, such as the requirement to maintain minimum essential coverage and how to claim an exemption from this requirement. It pays special attention to the exemption based on offers of unaffordable coverage.

This webinar series is designed to help VITA/TCE sites and other volunteer tax preparers understand the ACA components of a tax return in order to assist low-income tax clients for the 2018 tax season.

Presentation Slides

↓ View presentation slides (PDF)

↓ Download PowerPoint presentation slides (PPT)

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Overview of What’s Covered

Overview

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• Shared responsibility payment
• Overview of ACA rules for 2018
• Full-year exemptions and when to use Form 8965
• New general hardship exemptions

Coverage and Exemptions

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• Minimum essential coverage
• Income below the filing threshold
• Entering all other exemptions in TaxSlayer

IRS exemptions:

• New general hardship exemptions
• Short coverage gap
• Certain noncitizens
• Medicaid coverage gap
• CBPP Tax Exemption Tool for Income-Related Exemptions | View tool

Deep Dive: Affordability Exemption

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• Affordability exemption
• Example: Affordability of offer of employer coverage
• Affordability: Marketplace coverage
• Examples: Marketplace affordability
• Integrating Taxslayer, Healthcare.gov and CBPP exemption tool
• Previewing the tax return

Q&A

Additional Resources

ACA Exemptions Related to Income Tool | View tool

VITA/TCE Advance Certification: Reconciling the PTC | View webinar

Reference Guide: Yearly Guidelines and Thresholds | View reference guide

Resources for Volunteer Tax Preparers | View resources

As part of the ACA tax training webinar series for VITA/TCE volunteers presented on November 13, 2018, this webinar explains how to reconcile the premium tax credit, which provides significant financial assistance to low- and moderate-income families who purchased coverage in the marketplace. This is an advance ACA certification topic for VITA and TCE volunteers.

This webinar series is designed to help VITA/TCE sites and other volunteer tax preparers understand the ACA components of a tax return in order to assist low-income tax clients for the 2018 tax season.

Presentation Slides

↓ View presentation slides (PDF)

↓ Download PowerPoint presentation slides (PPT)

Watch the Webinar

Overview of What’s Covered

Premium Tax Credit Rules and TaxSlayer

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• Eligibility criteria for PTC
• Form 8962: Reconciling the PTC
• Form 1095-A
• Repayment of APTC
• Income below 100% FPL
• Entering Form 1095-A in TaxSlayer

Complex Form 1095-A Issues

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Issue:

• I thought I would file jointly, but I’m Married Filing Separately
• Multiple Forms 1095-A
• Failure to pay premiums
• Only Column A of Form 1095-A is completed
• Overlapping coverage

Review Tips

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• Preview the return
• Form 8962 review
• If there is a repayment of APTC
• Failure to reconcile

Q&A

Additional Resources

VITA/TCE Basic Certification: Exemptions and the Individual Mandate | View webinar

Premium Tax Credits Tips and Tricks (TY2017) | View resource

Resources for Volunteer Tax Preparers | View resources

This webinar series is designed to help VITA/TCE sites and other volunteer tax preparers understand the ACA components of a tax return in order to assist low-income tax clients for the 2018 tax season.

Reconciling the Premium Tax Credit

This webinar will explain how to reconcile the premium tax credit, which provides significant financial assistance to low- and moderate-income families who purchased coverage in the marketplace. This is an advance ACA certification topic for VITA and TCE volunteers.

↓ View webinar video and presentation slides

Exemptions and the Individual Mandate

This webinar provides explanation of basic ACA certification topics for VITA and TCE volunteers, such as the requirement to maintain minimum essential coverage and how to claim an exemption from this requirement, paying special attention to the exemption based on offers of unaffordable coverage.

↓ View webinar video and presentation slides

Presented on November 20, 2017, this webinar provides explanation of basic ACA certification topics for VITA and TCE volunteers, such as the requirement to maintain minimum essential coverage and how to claim an exemption from this requirement. It pays special attention to the exemption based on offers of unaffordable coverage.

This webinar series is designed to help VITA/TCE sites and other volunteer tax preparers understand the ACA components of a tax return in order to assist low-income tax clients for the 2017 tax season.

Presentation Slides

↓ View presentation slides (PDF)

↓ Download PowerPoint presentation slides (PPT)

Watch the Webinar

Minimum Essential Coverage Refresher

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ACA requirements for minimum essential coverage

Shared responsibility payment

Exemptions

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Exemptions from the coverage requirement

• Income below the filing threshold
• IRS exemptions: Form 8965, Part III

Deep Dive: Affordability Exemption

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IRS exemptions: Affordability exemption

• Example 1: Affordability of ESI
• Example 2: Marketplace affordability
• Example 3: Marketplace affordability

Marketplace exemptions: Form 8965, Part I

Q&A

Additional Resources

Webinar: Advance Certification Topic: Premium Tax Credit | View webinar

Presented on November 21, 2017, this webinar provides explanation of how to reconcile the premium tax credit, which provides significant financial assistance to low- and moderate-income families who purchased coverage in the Marketplace. This topic is an advance ACA certification topic for VITA and TCE volunteers.

This webinar series is designed to help VITA/TCE sites and other volunteer tax preparers understand the ACA components of a tax return in order to assist low-income tax clients for the 2017 tax season.

Presentation Slides

↓ View presentation slides (PDF)

↓ Download PowerPoint presentation slides (PPT)

Watch the Webinar

Follow Up Questions: Exemptions

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Short coverage gap exemption

Code A exemption: Offer of COBRA coverage

Premium Tax Credit Refresher

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Eligibility criteria for PTC

Form 8962: Reconciling the PTC

• Form 1095-A
• Repayment of APTC
• Income below 100% FPL

Complex 1095-A Issues

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Issue:

• I thought I would file jointly, but I’m Married Filing Separately
• Multiple Forms 1095-A
• Failure to pay premiums
• Only Column A of Form 1095-A is completed

Overlapping coverage

Review Tips

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Preview the return

Form 8962 review tips

• If there is a repayment of APTC

Failure to reconcile

Q&A

Additional Resources

Webinar: Basic Certification Topics: Exemptions | View webinar

This webinar series explains what volunteer tax preparers need to know about the Affordable Care Act (ACA) to assist low-income tax clients with the healthcare portions of the tax return. It is intended for volunteer tax preparers, outreach partners and others who assist low-income tax clients.

Basic Certification Topic: Exemptions

Presented Monday, November 20, 2017 

This webinar will explain how to claim an exemption from the requirement to maintain health coverage, paying special attention to the exemption based on offers of unaffordable coverage.

View webinar materials

Advance Certification Topic: Premium Tax Credits

Presented Tuesday, November 21, 2017 

This webinar will explain how to reconcile the premium tax credit, which provides significant financial assistance to low- and moderate-income families who purchased coverage in the Marketplace.

View webinar materials

In this recording-only webinar, presented on March 1, 2017, Tara Straw, Senior Health Policy Analyst, reviews the affordability exemption and walks through several examples of how to calculate whether a person is eligible for the affordability exemption using TaxSlayer and a new CBPP-developed ACA Exemptions Related to Income tool.

This recording is part of this year’s series of “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 2016 tax returns and to assist low-income tax clients.

Presentation Slides

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Refresher: Affordability Exemption (Code A)

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• How to calculate if someone is eligible for Code A
• TaxSlayer
• Marketplace affordability worksheet

CBPP ACA Exemptions Related to Income Tool

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• How to use the tool

Example: Single Taxpayer with No Dependents

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• Scenario 1: Offer of employer coverage
• Scenario 2: No offer of employer coverage
• Scenario 3: Eligible for Medicaid but not enrolled

Example: Multi-Generational Family

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• Scenario: One family member uninsured

Additional Resources

ACA Exemptions Related to Income Tool | Download tool

Affordability Exemption Primer | View resource

TY2016 ACA: What Tax Preparers Need to Know Webinars | View series

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 2016 tax returns and to assist low-income tax clients. It is intended for volunteers who are ready to quickly ramp up quickly to expert-level content.

WEBINAR MATERIALS

Basic Certification Topic: Exemptions

Presented November 16, 2016 

This webinar explains how to claim an exemption from the requirement to maintain health coverage, paying special attention to the exemption based on offers of unaffordable coverage.

View webinar materials

Advance Certification Topic: Premium Tax Credits

Presented November 9, 2016 

This webinar explains how to reconcile the premium tax credit, which provides significant financial assistance to low- and moderate-income families who purchased coverage in the Marketplace.

View webinar materials

Refresher: Affordability Exemption

Recorded March 1, 2017

This recording-only webinar reviews the affordability exemption and walks through several examples of how to calculate whether a person is eligible for the affordability exemption using TaxSlayer and a new CBPP-developed affordability exemption tool.

View recording and presentation slides

Presented November 16, 2016, this webinar explains how to claim an exemption from the requirement to maintain health coverage, paying special attention to the exemption based on offers of unaffordable coverage.

This year’s webinar series is intended to help VITA/TCE sites and other volunteer tax preparers ramp up to expert-level content on the ACA in order to prepare for the 2016 tax season.

Presentation Slides

↓ View presentation slides (PDF)

↓ Download PowerPoint presentation (PPT slides) 

Watch the Webinar

Exemption & Shared Responsibility Refresher

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IRS exemptions: Form 8965, Part II: Household exemptions

• Income under the filing threshold

IRS exemptions: Form 8965, Part III: Individual exemptions

• Code A: Affordability exemption
• Code B: Short coverage gap
• Code C: Certain noncitizens
• Code G: Aggregate self-only coverage unaffordable
• Code G: Medicaid coverage gap
• Code H: Born, Adopted, or Died

Marketplace exemptions: Form 8965, Part I

• Hardship exemptions

Shared responsibility payment

Exemptions & SRP in TaxSlayer

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Insurance status

Exemptions

Shared responsibility payment

Deep Dive: Affordability Exemption

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Affordability: Offer of employer coverage

• Example 1: Self-only vs. family coverage

Affordability: Marketplace coverage

• Marketplace coverage affordability worksheet
• Example 2: Partial-year coverage
• Example 3: Income eligible for Medicaid
• General tips

Q&A

Additional Resources

TY2016 ACA: What Tax Preparers Need to Know Webinars | View series