01.24.2014
Obtaining premium health care for 2014
Like most tax years, receiving credit for medical is a process of ensuring the correct information and sources are established. This season we giving you a few tips on the following requirements for beginning the application of Premium Health Care.
Eligibility
In general, you may be eligible for the credit if you meet all of the following:
-buy health insurance through the Marketplace;
are ineligible for coverage through an employer or government plan;
-are within certain income limits;
-file a joint return, if married; and
cannot be claimed as a dependent by another person.
If you are eligible for the credit, you can choose to:
Get It Now: have some or all of the estimated credit paid in advance directly to your insurance company to lower what you pay out-of-pocket for your monthly premiums during 2014;
or
Get It Later: wait to get all of the credit when you file your 2014 tax return in 2015.
For extended information on the IRS's credit changes or requirements, please visit us our website!
www.BetterRefundIncometax.com
No comments:
Post a Comment