Filing Your 2014 Federal Tax Return: Do You Get a Credit or Owe a Tax? Know the Rules on the Affordable Care Act

Beginning in 2014, the Affordable Care Act required that individuals must: (1) have health care coverage; (2) qualify for a health coverage exemption; or (3) make a shared responsibility payment with your tax return. Have Health Care Coverage: If you had qualifying health care coverage (called minimum essential coverage) for every month of 2014 for yourself,…

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