Federal officials: ACA won’t be a tax prep burden for most

Published 2 Min Read

The Affordable Care Act will have almost no effect on most taxpayers’ tax preparation and filing experience, according to federal officials.

Speaking during a background press conference, officials from the Centers for Medicare & Medicaid Services and the Treasury Department said that they expect 80 percent of taxpayers will have to do little more than check a box on their tax return indicating that they had health care coverage during 2014. But 10 to 20 percent who were not insured for most of the year will either claim an exemption or pay a fee, according to officials.

Roger Russell
Senior Editor

Roger Russell is a senior editor at Accounting Today. He focuses on tax  developments and compliance, and professional liability issues affecting CPAs. He is a tax attorney and has been a … Read full bio


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