The Internal Revenue Service has announced the availability of several new YouTube videos to help taxpayers get important information about the Affordable Care Act and tax return filing.
The new …
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The Internal Revenue Service has announced the availability of several new YouTube videos to help taxpayers get important information about the Affordable Care Act and tax return filing.
The new videos, which are part of a series on the IRS YouTube channel, feature IRS Commissioner John Koskinen discussing the premium tax credit and the individual shared responsibility provision. These provisions of the Affordable Care Act will affect people’s tax returns next year when they file their 2014 returns.
In the video about the premium tax credit, the commissioner talks about how it can help make purchasing health care through the Health Insurance Marketplace more affordable for people with moderate incomes.
“You can get advance payments of the premium tax credit paid directly to the insurance company to lower your monthly premium, or you can apply for the premium tax credit when you file your tax return for 2014,” Koskinen said in a statement.
In the video about the individual shared responsibility provision, Koskinen discusses important facts about coverage requirements, coverage exemptions and the individual shared responsibility payment. He covers who must make a payment, who is eligible for exemptions, and what people need to do when filing their tax return.
IRS videos explaining the premium tax credit, the individual shared responsibility provision, and the small business health care tax credit are on the IRS Health Care video playlist.
Additional videos about the Affordable Care Act will be available soon.
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