• Families with Children

    ACA and families with children
    Let Jackson Hewitt help you figure out what the health care laws mean to you, your family, and your taxes.
    •  Beginning in 2014, everyone can get health coverage. You can’t be turned down, even if you’re sick.
    •  For some, coverage will be much less expensive than it has been. Some individuals can even get free coverage. Others will pay a percentage of their income for coverage, and the federal government will pay the rest.
    •  What happens when life happens? Life changes have a big impact on your taxes as well as your health insurance. If you get your health insurance through a state Marketplace and you get married, have a child, or your income changes during the year, then you should contact the Marketplace and adjust your coverage based on the changes. You can even do this after Open Enrollment closes, January 31, 2016, if the change happens after this date.
    •  Penalties if you don't have coverage: If you didn't get and keep insurance during 2015, then you may have to pay a tax penalty when you file your tax return. The penalty is the greater of $975 or 2% of your income. If you owe a penalty, you will pay it when you file your taxes in 2015, resulting in a smaller refund or larger liability. The penalty will increase in 2016 to the greater of $2,085 or 2.5% of your income.
  • What Should I Do Now? Visit your local Jackson Hewitt office. Here’s how we can help*:
    • When you file your taxes with Jackson Hewitt, we’ll simplify the process of figuring out what you qualify for.
    • We’ll do the government paperwork so you don’t have to.
    • We’ll actually help you sign up for Medicaid if you qualify. If you have kids, they may also qualify for free or low-cost health insurance in Medicaid and CHIP.
    • If you qualify for a tax credit, Getinsured.com, a licensed third-party, can actually get you enrolled in free or affordable health insurance.
    • You can just find out your options now – and decide later whether to sign up. There is no obligation. Just stop by your local Jackson Hewitt office when you are ready to file your taxes and we’ll get you started. Our service is free—and you can learn about your options without making any commitment to sign up for coverage.

      *Ask Tax Pro for details. Consistent with State law, Jackson Hewitt Tax Service(R) does not provide advice about the selection of qualified health plans and instead refers such queries to a properly licensed third-party or to the insurance marketplace. Most offices are independently owned and operated.

  • Helpful Resources

    •  Report on premium assistance tax credits under the ACA. Read PDF.
    •  Want to get technical? Check out these expert reports from the Congressional Research Service (CRS):
    •  Want to estimate how much this new coverage may cost and how big your tax credit may be? Try the Kaiser Health Subsidy Calculator
    •  Report on the individual mandate tax penalty under the ACA. Read PDF.