Health Care

In 2013, the new tax applied to investment income, such as interest and dividends for individuals with income over certain thresholds.
There is a 3.8% surtax levied on the lesser of net investment income or the excess of modified adjusted gross income over $250,000 for joint filers and qualified widow's, $200,000 for single filers and $125,000 for married filing separately taxpayers.
The Net Investment Income Tax will calculated on new IRS Form 8960 and transfer to Form 1040 line 60.

In the Health Insurance Marketplace, you generally can get dental coverage as part of a health plan or by itself through a separate, stand-alone dental plan. Under the health care law, dental insurance is treated differently for adults and children 18 and under.
Dental coverage for children is an essential health benefit. This means it must be available to you as part of a health plan or as a free-standing plan. This is not the case for adults. Insurers don’t have to offer adult dental coverage.
Starting in 2014, you must have health coverage or pay a fee. But this is not true for dental coverage. You do not need to have dental coverage to avoid the penalty.

Medicaid and the Children's Health Insurance Program can not refuse to cover you or charge you more because of a health condition.

You can claim the credit on IRS Form 8941, Credit for Small Employer Health Insurance Premiums, to calculate the credit. For detailed information on filling out this form, see the Instructions for Form 8941.
If you are a small business, include the amount as part of the general business credit on your income tax return.
If you are a small business employer, you may be able to carry the credit back or forward.

For more information on the Affordable Care Act provided by the IRS go to: http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions-Home

The 2016 penalty is the greater of: $695 per year ($2,085 maximum per family), or 2.5% of household income.
There was no penalty in 2013. The penalty is phased in over time. Beginning in 2014, U.S. citizens and legal residents must carry health insurance or be subject to a penalty.
The 2014 penalty was the greater of: $95 per year ($2,085 maximum per family), or 1.% of household income.
The 2015 penalty was the greater of: $325 per year ($2,085 maximum per family), or 2.% of household income.

An employer that does not deduct and withhold Additional Medicare Tax as required is liable for the tax unless the tax that it failed to withhold from the employee’s wages is paid by the employee.
Even if not liable for the tax, an employer that does not meet its withholding, deposit, reporting, and payment responsibilities for Additional Medicare Tax may be subject to all applicable penalties.

The statute requires an employer to withhold Additional Medicare Tax at a rate of 0.9 %on wages it pays to an employee in excess of $200,000 in a calendar year without regard to filing status.
A new line 5d has been added to Form 941.
The amount withheld will be reported with regular Medicare tax on Form W-2, Box 6.
Beginning January 1, 2013. An employer has this withholding obligation even though an employee may not be liable for Additional Medicare Tax Any withheld Additional Medicare Tax will be credited against the total tax liability shown on the individual’s income tax return (Form 1040).

Go to https://www.healthcare.gov/