ACA Tax Preps - Hometownstations.com-WLIO- Lima, OH News Weather Sports

ACA Tax Preps

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Tax season begins in just a few days, and like usual, there are some major changes that will affect those filing. One of the biggest will be for taxpayers who are affected by the Affordable Care Act.

Nancy Rumschlag of Liberty Tax Service says the income reported on a person's 2013 tax returns will determine the cost of insurance through the Affordable Care Act marketplace. Starting this year, individuals and families can also take a premium tax credit to help them afford health insurance. But, those who choose not to have health insurance will have to pay up when filing for 2014.

Taxes can be filed electronically starting on January 31st.

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