Local News

2012 Tax Returns To Determine Healthcare Eligibility

Filing your taxes is important every year, but they have a bit more significance this year. Jackie Perlman, with H & R Block, says your income from 2012 will help determine if you qualify for assistance, once the Affordable Care Act is implemented.

[audio:rddTaxTime1.mp3] [/audio]

People in Illinois will be required to get healthcare coverage by the end of the year, thanks to the Affordable Care Act. Those who don't have coverage will be charged a penalty when they file their taxes next year, explains Perlman.

[audio:rddTaxTime2.mp3] [/audio]

Those who don't have coverage will be charged a penalty when they file their taxes next year. Perlman says it may be wise just to buy the coverage.

[audio:rddTaxTime3.mp3] [/audio]

People who fall within 400-percent of the federal poverty level will likely qualify for assistance. That means you'll pay your portion of the deductible out of pocket and the government will send your provider a check for the rest. Tax experts say it makes more sense to purchase insurance and get your benefit in case of emergency, than simply pay the tax and never receive proper care.

Townhall Top of the Hour News

Local Weather - Sponsored By:

CLINTON WEATHER

Local News

DeWittDN on Facebook