Iowa allows a deduction in full for health insurance premiums paid with after-tax dollars. This sometimes creates questions about what exactly counts as a “health insurance premium.” For example, does dental insurance count? The short answer is, yes.
Can a non-resident take the deduction for health insurance premiums on their non-resident Iowa tax return? Yes.
Do I Have to Have Form 1095-A Before I Can File? The short answer is: YES!
Here are the questions this tax preparer is asking clients about the ACA
Robert Flach at his “The Tax Professional” blog asks the following question regarding Affordable Care Act penalties assessed on tax returns against people who do not carry health insurance: What is our legal responsibility as tax preparers when it comes to calculating the new convoluted and potentially expensive Obamacare penalty for clients who are not […]
Iowans can deduct, in full, insurance premiums paid with after-tax money.