The Affordable Care Act, or Obamacare as it is sometimes called, aims to make it easier for people to buy health insurance by offering tax subsidies to bring down the cost of insurance. Under the ACA, people who do not purchase a qualifying health plan will be fined. The fines can vary each year and in 2014, you will pay a percentage of income or $95 if you did not purchase an insurance plan. Because of the changes to the tax laws that occurred under the ACA, it is important to understand exactly what your tax obligations will be when you pay your taxes this year. You may wish to find out now what you can expect regarding your obligations under Obamacare, as you may need to adjust your withholdings or adjust the amount you pay in quarterly estimated taxes. An experienced tax professional can provide you with more information on the income that the Affordable Care Act is going to have on your tax filing this year. Get the information you need from the tax professionals at Brennan & Co CPA, Like us on FaceBook!