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Fifteen Days Remain Before Tax Filing Deadline
CMS continues to raise awareness about the intersection of taxes and health care
With the tax filing deadline two weeks away, the Centers for Medicare & Medicaid Services (CMS) is continuing to help consumers understand how health coverage and taxes intersect. This year’s tax season is the first time individuals and families will be asked to provide basic information regarding their health coverage on their tax returns. While the vast majority of tax filers – about three quarters – will just need to check a box on their tax return indicating they had health coverage in 2014, people who have coverage through the Health Insurance Marketplaces, or did not enroll in coverage, will take different steps that will be a part of the tax filing process starting this year….
The administration is committed to providing the information and tools tax filers need to understand the new requirements. If consumers have questions about their taxes, need to download forms, or want to learn more about the fee for not having insurance, they can find information and resources at www.HealthCare.gov/Taxes orhttp://www.IRS.gov. Consumers can also call the Marketplace Call Center at 1-800-318-2596. Consumers who need assistance filing their taxes can visit IRS.gov/VITA or IRS.gov/FreeFile. Read More…