How Obamacare Creates Tax Filing Trickier

Various Americans will get latest tax forms for the 1^st time. Here is what to do with them.

This year, you may be gaining tax forms you have never seen before, all thanks to the Affordable Care Act, aka Obamacare. For the most part, these documents will not make tax filing too much harder—with 1 huge exception. Here is what you require to know about this paperwork, relying on what kind of health insurance you had in the year 2015.

If you had health insurance from your employer all year…

For the 1^st time this year, you should get a latest form from your health insurance provider or employer verifying your coverage, but this will not change how you do your taxes.

If your employer has more than 50 full-time workers, you should get a 1095-C; otherwise, you should get a 1095-Bform. These documents involve data about your coverage, but you do not require them to file. In fact, you might not even get your copy before you do your taxes—employers do not have to send 1 to you until March 31.