Lou Graham prepares taxes in Connecticut and is ready to answer client questions about the Affordable Care Act. Jeff Cohen\/WNPR hide caption <\/p>\n
Lou Graham prepares taxes in Connecticut and is ready to answer client questions about the Affordable Care Act. <\/p>\n
Are you thinking about tax day yet? Your friendly neighborhood tax preparer is. IRS Commissioner John Koskinen declared this tax season one of the most complicated ever, partly because this is the first year that the Affordable Care Act will show up on your tax form. <\/p>\n
Tax preparers from coast to coast are trying to get ready. Sue Ellen Smith manages an H&R Block office in San Francisco, and she is expecting things to get busy soon. <\/p>\n
\"This year taxes and health care intersect in a brand-new way,\" Smith says. <\/p>\n
For most people who get insurance through work, the change will be simple: checking a box on the tax form that says, \"Yes, I had health insurance all year.\" <\/p>\n
But it will be much more complex for an estimated 25 million to 30 million people who didn't have health insurance or who bought subsidized coverage through the exchanges. <\/p>\n
To get ready, Smith and her team have been training for months, running through a range of hypothetical scenarios. She introduces \"Ray\" and \"Vicky,\" a fictional couple from an H&R Block flyer. Together they earn $65,000 a year, and neither has health insurance. <\/p>\n
An H&R Block flyer with fictional couples representing possible scenarios of what people might encounter reconciling their taxes under the Affordable Care Act. H&R Block hide caption <\/p>\n
An H&R Block flyer with fictional couples representing possible scenarios of what people might encounter reconciling their taxes under the Affordable Care Act. <\/p>\n
<\/p>\n
Read more here: <\/p>\n
Tax Preparers Get Ready To Be Bearers Of Bad News About ...<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Lou Graham prepares taxes in Connecticut and is ready to answer client questions about the Affordable Care Act. Jeff Cohen\/WNPR hide caption Lou Graham prepares taxes in Connecticut and is ready to answer client questions about the Affordable Care Act Continue reading