It’s TAX Time: Do you know what to do? #TurboTaxACA #PMedia

 

“This post is part of a social shopper marketing insight campaign with Pollinate Media Group® and TurboTax, but all my opinions are my own. #pmedia #TurboTaxACA disclosure HERE

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It’s TAX TIME people!  I for one and excited about this time of year because we usually get some extra cash in our wallets.  I’m also glad I’m not an accountant.  TurboTax makes filing your taxes so easy you don’t have to BE an accountant!  We are all in the same boat and as we prepare to get back some of what’s owed I would like to help educate you during the process.

Did you know there’s a new requirement on your taxes this year? The Affordable Care Act (ACA) requires all Americans have health insurance coverage in 2014 or pay a penalty in their taxes, which means this year you have to report your insurance stats on your tax return.

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Luckily, it’s really easy with TurboTax. If you get insurance from work, all you have to do is check a box! Plus, through February 16th you can file for free – Federal AND State – if you have a simple return (1040A/EZ). That is what I call a bonus.

Not only does TurboTax have a great tax filing system but they have a tool to educate everyone as to how the Affordable Care Act plays into their life. Head over to TurboTax Health to get familiar with the website and the with the ACA requirements coming up this tax season.   Also, the videos (linked below) explain the step by step process of how ACA reporting works for all three audiences.

Insured Filers

Marketplace Insured Filers

Uninsured Filers

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With TurboTax filing my taxes is super easy and I’m in the comfort of my own home.  No standing in lines or waiting on someone else to give me peace of mind.  TurboTax is super easy to navigate & don’t fear the health insurance portion of your taxes, everything is pretty much spelled out for you.  All you have to do is go through each step….it’s quick and easy!

File your taxes through TurboTax and take advantage of filing for free before February 16 through the Absolute Zero promotion available for simple returns (1040A/EZ).

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This coming weekend is important – health insurance open enrollment ends on Sunday, February 15. This is the last chance you’ll have to purchase insurance to avoid a penalty on your taxes next year. You can check out TurboTaxHealth.com to learn more about your health insurance and taxes, including finding out if you’re exempt from the tax penalty.  While you’re at it, don’t forget to go to TurboTax.com to file today for absolutely free before February 16 if you have a simple return (1040A/EZ).

Follow TurboTax on Facebook, Twitter, Instagram, Google +, Tumbler, & Pinterest for helpful hints and resources.