Creative Tax

Individual Shared Responsibility

Understanding The Obama Care Individual Shared Responsibility Payments?

Beginning in 2014, the individual shared responsibility provision of the Affordable Care Act kicked in requireing each individual to: Maintain a minimum level of health care coverage – known as minimum essential coverage, or Qualify for an exemption, or Make an individual shared responsibility payment when filing their federal income tax returns. Minimum essential coverage …

Understanding The Obama Care Individual Shared Responsibility Payments? Read More »