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The Affordable Care Act and your 2014 taxes, Part I

 The Individual Shared Responsibility Provision and Payment (a.k.a. have health insurance or pay a fine)

With the Affordable Care Act (ACA), all individuals—including children—are required to have minimal essential monthly health insurance coverage for him/herself as well as all dependents for whom he/she is financially responsible. Here are some Q’s and A’s to help you understand. Continue reading “The Affordable Care Act and your 2014 taxes, Part I”