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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#ATC has grown from 4 tax service retail offices to over 34 Store Fronts and continues to thrive despite the competitive climate.

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#ATC has grown from 4 tax service retail offices to over 34 Store Fronts and continues to thrive despite the competitive climate.Our humble tax preparation firm has grown by leaps and bounds; earning thousands of satisfied customers.Schedule an appointment today.

ATC has been in this industry for 14 years now and counting.

Get nothing but the best taxing services from our fully-experienced and trained tax professionals.

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ATC has been in this industry for 14 years now and counting.Get nothing but the best taxing services from our fully-experienced and trained tax professionals.#atcincometax #taxrefund #incometaxes

ATC to be there every step of the way.

Don’t let this IRS notice stress you. Book an appointment for a free tax consultation. Call us at 855-ATC-1050

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ATC to be there every step of the way.Don’t let this IRS notice stress you. Book an appointment for a free tax consultation. Call us at 855-ATC-1050#atcincometax

We seek to provide reliable and accurate advice pertaining to all income tax services across the board.

Choose ATC this tax season!

We seek to provide reliable and accurate advice pertaining to all income tax services across the board.Choose ATC this tax season!

Learn the ins and outs of tax deductions and credits through our ATC tax tools and services.

Our checklist will help you determine if you qualify for the child tax credit.

Click here: https://t.co/UbCT7sjUL2

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Learn the ins and outs of tax deductions and credits through our ATC tax tools and services.Our checklist will help you determine if you qualify for the child tax credit.Click here: https://t.co/UbCT7sjUL2#atcincometax #taxrefund #incometaxes #taxreturn #taxes #money

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