IRS Opens Site to Explain Health Care Tax Provisions

The Internal Revenue Service has launched a new Affordable Care Act Tax Provisions site at IRS.gov/aca to educate individuals and businesses on how the health care law might affect them.

The home page of the site includes three sections explaining the tax benefits and responsibilities for individuals and families, employers and other organizations, with links and information for each group. The site also provides information about tax provisions that are in effect now and those that will go into effect in 2014 and beyond.

Topics include premium tax credits for individuals, new benefits and responsibilities for employers, and tax provisions for insurers, tax-exempt organizations and certain other business types. Visitors to the new site will be able to find information about the law and its provisions, along with legal guidance, the latest news, frequently asked questions and links to additional resources.

Several other federal agencies will also play a significant role in implementing the health care law, including the Department of Health and Human Services, which has primary responsibility. To help taxpayers locate additional online resources from the Department of Health and Human Services, the Department of Labor and the Small Business Administration, the IRS has issued a new Web-based flyer, Healthcare Law Online Resources (Publication 5093).

Taxpayers can visit IRS.gov/aca for more information from the IRS regarding the tax provisions of the Affordable Care Act as well as a Tumblr blog, ACA on Tumblr.