The end of the year is drawing near, and our firm has received countless inquiries about the new Patient Protection & Affordable Care Act (PPACA or ACA), aka Obamacare, and how the enactment affects them. Below is a helpful, easy-to-read summary on how an individual’s taxes may be impacted. We encourage all taxpayers to read this and of course, reach out to our firm if you have any questions or concerns.
As a general disclaimer, the information provided above is very general and broad in nature, is not represented as complete, and may not apply to taxpayers’ individual situations. We advise all taxpayers to consult a professional tax advisor regarding their own specific tax needs.