Health care law could make filing taxes complicated

NEWS

Deadline to enroll in ACA is Sunday

Posted YESTERDAY, 9:53 PM Updated YESTERDAY, 11:07 PM

SAN ANTONIO - This Sunday marks the last day to enroll in health care coverage in the open enrollment period, with this year being the first that the Affordable Care Act will have a presence in the federal income tax forms.

For most Americans, tax filings and health insurance should have little impact. But for those six or seven million Americans who bought health insurance through the federal marketplace in 2014 or who didn't have any health care coverage, this tax season may be more complicated.

Certified public accountant Jim Oliver said a person who bought health insurance through the federal market place needs at least two forms -- a 1095A and form 8962.

Ultimately, if they did not do the form correctly and they do owe more in credit to the IRS and they file their taxes later on, they could end up owing the taxes, possibly some late payment penalties and interest," said Oliver.

Community First Health Plans will be hosting an enrollment event on Sunday from 10 a.m to 5 p.m. at 1410 Guadalupe Street, Suite 222.

To enroll, you're asked to bring your Social Security number, date of birth, resident card, tax return and current health insurance, if you have any, as well as your username and password for healthcare.gov, if you have one.

For more information visit communityfirsthealth.gov.

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Health care law could make filing taxes complicated

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