In preparation for the 2015 tax filing season, the U.S. Department of Health and Human Services has released a fact sheet detailing information Iowa tax filers need to know as they prepare to file their federal returns.
This tax season marks the first time individuals and families in Iowa will be asked to provide basic information regarding their health insurance on their tax returns. Consumers will have questions about this new process and the Administration is committed to providing the information and tools tax filers need to understand the new requirements.
In the coming weeks, the administration will continue to provide additional resources to help consumers prepare for tax filing season, including online tools to help individuals connect with local tax preparation services and determine if they are eligible for an exemption.
For more information about this effort – or to request an interview with an official from the Department of Health and Human Services, contact press@cms.hhs.gov or call 202-690-6145.
The 2015 tax season is the first time individuals and families will be asked for some basic information regarding their health insurance on their tax returns.
While the vast majority of tax filers – over three quarters – will just need to check a box on their tax return indicating they had health coverage for all of 2014, people who purchased coverage through the Health Insurance Marketplaces, or decided not to enroll in coverage, should be aware of the additional steps that will be a part of the tax filing process starting this year.
Consumers will have questions about this new process and the Administration is committed to providing the information and tools tax filers need to understand the new requirements.
Individuals and families with non-marketplace coverage for all of 2014.
Most tax filers – over three quarters – will just need to check a box on their tax return to indicate that they had coverage all year. These people met the Minimum Essential Coverage requirement, which means that they had the basic health coverage necessary to meet the Affordable Care Act’s standards. These individuals and families will not receive any new forms in the mail and they will not be required to fill out new forms when they file their 2014 income tax returns.
Individuals and families who had a health plan through the Health Insurance Marketplace in 2014.
Last year millions of people purchased quality, affordable coverage through the Health Insurance Marketplace, and most benefitted from a tax credit to lower the cost of their monthly premium. Now that tax season is here, individuals and families enrolled in a health plan through the Marketplace will need to provide some basic information about their health insurance when they file their taxes. All Marketplace consumers will receive a new statement – called a Form 1095-A – that includes all the information they need about their coverage to file their return.
Individuals who didn’t have health coverage in 2014.
While those who can afford health coverage but chose not to buy it may have to pay a fee, individuals who could not afford coverage or met other conditions can receive an exemption. If you qualify, receiving an exemption is simple and easy, and means you won’t have to pay a fee. It is important for individuals to know that exemptions are available and to understand the steps they need to take to request one.

TAX PREPARATION ASSISTANCE

RSVP of Black Hawk and Fayette counties is once again offering no cost tax assistance and electronic filing to individuals of all ages, with low to moderate income. Tax preparation locations are:

Waterloo
Kimball Ridge Center, 2101 Kimball Ave., Monday through Thursday. Feb. 2-5 will be walk-ins only and February 9 – April 15. Appointments only.

The Salvation Army, 207 Logan Ave. entrance, Mondays and Wednesdays. February 2 – April 15. Walk-ins only.

Cedar Falls
Cedar Falls Community Center, 528 Main Street, Monday (PM only), Tuesdays and Thursdays; February 2 – April 15. Appointments only.

To schedule any appointment or if you have questions, please call RSVP at (319) 272-2250. Volunteers are trained in completing basic tax forms, understanding changes and updates, including provisions in the tax code that affect the senior population.

Trainings are provided in part by IRS and AARP Foundation, sponsors of the tax service. For more information on any of these locations call RSVP (319) 272-2250.

RSVP is a program of the Corporation for National and Community Service and sponsored locally by Covenant Medical Center.