Health Care Law Affects 2014 Tax Returns – Free Tax Help Available

By | March 3, 2015

Beginning with tax year 2014, certain provisions of the Affordable Care Act Affordable affect the federal taxes that most people pay. Most taxpayers will have to simply check a box on their tax reporting medical coverage throughout 2014 for those on your tax return. Some have noted that were eligible for an exemption from coverage. While others have to calculate the payment of shared responsibility for individuals and add it to your tax return.

The IRS has several options to help you file your tax return. File a return electronically is the easiest way to file a complete and accurate tax. Options to file your return electronically includes free help from volunteers , IRS Free File to taxpayers who qualify , commercial software and professional assistance.


Tax Assistance Volunteers (VITA)

Every year millions of people use volunteers to prepare them their free tax. These volunteers are part of the program Voluntary Aid Taxpayers (VITA, for its acronym in English) and Tax Counseling Program for Older Elderly (TCE, for its acronym in English). The IRS sponsors two programs and works with community groups to train and certify volunteers.

The use VITA and TCE programs helps ensure that your taxes are prepared accurately, including provisions relating to the Health Care Act as the premium tax credit and exemptions from coverage.


IRS Free File 

IRS Free FIle program provides easy to use taxes or fillable forms. IRS Free File is a partnership between the IRS and the Free File Alliance. The Alliance is a group of companies tax programs in the private sector who make their products available for free.

The only way to use IRS Free File is through the IRS website. Once you choose the company’s Free File, you will go to the website of the company to prepare, print and electronically file your taxes.


How to get Taxes Filed for Free?

The format of questions and answers tax preparation software Free File will help you find credits and deductions to which you may be eligible to claim. The program selects the appropriate tax forms and does the math for you.

Taxpayers who earn $ 60,000 or less can use a tax preparation program brand. If you earned more than that, you can use the Free File Fillable Forms. This option uses the electronic versions of IRS paper forms.


Professional Assistance for Filing Taxes

Many people hire professionals when filing your tax return. If you pay someone to prepare your federal taxes, the IRS encourages you choose this person carefully. Even if you do not prepare their own taxes, you are legally responsible for the information in the statement. Some tips to keep in mind when choosing a tax preparer include:

Ratings Trainer – Make sure Id have a Tax Preparer

  • Fees for Service – Avoid preparers who base their fee on a percentage of your refund
  • File Electronically – Make sure your preparer electronically filing
  • Available – Make sure your preparer will be available after the deadline for filing taxes in case of any questions about your statement

The IRS recently released a tax preparer directory that provides a list showing the name, city, state and zip code of attorneys, certified public accountants, agents and those who completed the requirements for the Annual Program Tax Season, which is voluntary. All coaches on this list have a number of preparer valid for 2015 taxes.


Filing Tax Return on Time

It is important that you file a complete and accurate statement to avoid delays with your return. If your return includes errors or incomplete you may need further review and this delay your refund. IRS E-File is the best way to present an accurate statement. The tax preparation program you use to electronically file helps you avoid errors when doing the math for you and guides you through each step in preparing your taxes. IRS e-file can also help with the tax provisions of the new health care law.