What is the Affordable Care Act?
There has been a lot of confusing when it comes to the Affordable Care Act, also known as Obama Care. I’m going to provide you with some essential information about the program and how it works.
ATTENTION: RECENT CHANGES TO TAX LAW HAS AFFECTED THE ACA!
Beginning in 2014, if you were a U.S. citizen or legal resident alien then you and your dependents were required to have Minimum Essential Health Care Coverage, have a health coverage exemption, or make a Shared Responsibility Payment (penalty or ISRP) with your tax return under the Affordable Care Act.