Monday, June 13, 2016

Online Tools Help Individuals and Employers Estimate Health Care Law’s Effect on Taxes



Whether you’re an employer or an individual taxpayer, the Taxpayer Advocate Service has several tools available to assist you in estimating credits and payments related to the Affordable Care Act. The Taxpayer Advocate Service recently added a tool to help employers understand how the employer shared responsibility provisions apply to their organization.

Because these tools provide only an estimate, you should not rely on them as an accurate calculation. You should use these estimators only as a guide to assist you in making decisions regarding your tax situation.

Courtesy of IRS

For more information contact Neikirk, Mahoney and Smith at 502-896-2999

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