News Headlines Article

Obamacare complexifies tax season
USA Today

Much of the attention regarding the Affordable Care Act (ACA) is focused on Americans signing up for health insurance, the cost and services covered. Largely lost in this dialogue is the fact that the ACA is the most significant change to the tax code in 20 years. It has made filing a tax return more complex for the more than 147 million individual tax filers — insured and uninsured alike. This will be a steep learning curve for many Americans as they prepare their tax returns over the next couple of months.