Affordable Care Act

WHAT IS THE PREMIUM TAX CREDIT?

The premium tax credit is a refundable tax credit designed to help eligible individuals and families better afford health insurance purchased through the Marketplace. You can choose to have the credit paid in advance to your insurance company to lower what you pay for your monthly premiums or you can claim all of the credit when you file your tax return. Book an appointment with our tax preparation experts see if you qualify.

TRANSFORMING HEALTHCARE TAXES

The Affordable Care Act introduced a collection of new marketplaces that offer insurance options based on a system that ranges from Bronze to Platinum. The two most significant changes that come with ACA are in the form of Advance Premium Credit Tax and Penalties.

Once you have enrolled in any eligible Marketplace, you will be asked a series of questions to determine if you qualify for The Advance Premium Tax Credit. If so, this will help offset the cost of your monthly premiums.

WHAT IS ADVANCED PREMIUM TAX CREDIT?

It’s a tax credit that you can apply to what you pay each month for your health care plan. Because of the Affordable Care Act, if you buy your own health insurance you can get financial assistance to lower your costs. This assistance is called a subsidy.

There are two kinds of subsidies: the Advanced Premium Tax Credit and Cost Sharing Reduction. The Advanced Premium Tax Credit goes toward your health insurance premium—what you pay each month to maintain your health coverage.

PENALTIES AND EXEMPTIONS

If you, and/or members of your family did not have adequate health insurance during the year, you may be subject to facing a tax penalty. However, you could qualify for an exemption based on a number of things. Make your way to the closest ATC Tax Office and speak to one of our tax preparation experts to learn more about these exemptions.

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“Quality in a service or product is not what you put into it. It is what the client or customer gets out of it.” - Peter Drucker

It’s all about giving our clients the value they truly deserve through ATC’s superb tax products and services.

“Quality in a service or product is not what you put into it. It is what the client or customer gets out of it.” - Peter DruckerIt’s all about giving our clients the value they truly deserve through ATC’s superb tax products and services.

Haven’t filed your taxes yet?

We only have a few more days before the deadline, so contact us today and let us help in this crunchtime!

Click here for details: https://t.co/xl87dwzDyB

Haven’t filed your taxes yet?We only have a few more days before the deadline, so contact us today and let us help in this crunchtime!Click here for details: https://t.co/xl87dwzDyB

ATC Tax Tip:

E-file your taxes and set up direct deposit so your refund will be issued within 21 days. If through mail, it could take six weeks or longer to get your hands on your cash.

Get your money as soon as possible!

ATC Tax Tip:E-file your taxes and set up direct deposit so your refund will be issued within 21 days. If through mail, it could take six weeks or longer to get your hands on your cash.Get your money as soon as possible!

Here #ATCIncomeTax, we are more than ready to help, no matter how you choose to file.

We understand how important your refund is to your financial well-being. We are certainly ready to get you the most money back. Connect with us and file before the deadline!

Here #ATCIncomeTax, we are more than ready to help, no matter how you choose to file.We understand how important your refund is to your financial well-being. We are certainly ready to get you the most money back. Connect with us  and file before the deadline!

With our wide experience when it comes to taxes, ATC Income Tax is able to take advantage of all available tax structures, tax breaks, and loopholes.

This will help us maximize your refund or minimize your tax liability. 💸💸

#ATCIncometax #IncomeTax #2020taxes

With our wide experience when it comes to taxes, ATC Income Tax is able to take advantage of all available tax structures, tax breaks, and loopholes.This will help us maximize your refund or minimize your tax liability. 💸💸#ATCIncometax #IncomeTax #2020taxes

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