Archives for: "Mar 06 2015"

Marketplace Coverage Affordability Worksheet

March 6th, 2015
Several exemptions are available for the Affordable Care Act. Many of the exemptions are simple and only require tax preparers to look up a value in a table. The exemption for income below the filing threshold is a simple one to look up. Similarly, in states like Texas, an exemption is available for household income below 138% of federal poverty level. One of the exemptions, however, requires some calculations. The calculations aren't particularly complex, but the tax preparer must look up at least four different items when calculating marketplace coverage affordability.… more »