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The ACA Health Insurance Tax Payment: What You Need to Know

The IRS explains the tax consequences of failing to obtain health care coverage before the March 31, 2014 deadline. more...

Understanding the Affordable Care Act

Some low income people are eligible for Mainecare. Most other people with low incomes can get help paying for health insurance. The IRS gives instant tax credits to help with the cost.   There are many places to get help finding health insurance: You can call Maine's Consumers for Affordable Health Care at: 1-800-965-7476 You could find a “Health Care Navigators more...

Exemptions to the Affordable Care Act Shared Responsibility Payment

If you did not have healthcare coverage then you could face a tax penalty under the Affordable Care Act, known as the "Shared Responsibility Payment."  But this is not true for everyone, especially low-income households. You may qualify for an "exemption" from the Shared Responsibility Payment.  In that case, you would not have to pay the penalty. Report your exempt status on Form 8965; file this with your tax retur more...

Health Care Tax Tips

Do you get a health care tax subsidy for health insurance you bought through the "federal marketplace." Learn about your duty to report certain financial changes. more...

Six Tips about Individual Shared Responsibility Payments

NOTE: This information is offered by the IRS for Tax Year 2017.  This includes both rules for making the payment (if you don't have health insurance) and rules about who is "exempt" (does not have to pay).  Many people with very low incomes and people with certain immigrant statuses do not have to pay.  For any month during the year that you or any of your family members don’t have more...