Jobs, no jobs and taxes
2009 deductibility of Chile donations

Massachusetts tax tidbit: health care

Massachusetts flag If you've followed the national health care reform debate at all, you know that some have cited Massachusetts' insurance program as a model.

The Massachusetts Health Care Reform Law requires most Bay State residents age 18 and older who can afford health insurance to have coverage or pay a penalty at tax-filing time. 

New for 2009, residents must have Minimum Creditable Coverage (MCC). If they don't, they could face penalties.

There is, however, a grace period for lapses in coverage of three or fewer consecutive months. Penalties apply only if health insurance is deemed affordable. And the state doesn't assess any penalties for very low-income individuals.

Full-time residents, as well as who live in the state part-year, must file Schedule HC, Health Care Information, with their Massachusetts tax returns. Folks with medical coverage at work, as well as some who are enrolled in MassHealth, Commonwealth Care or Commonwealth Care Bridge will receive forms with information needed to complete Schedule HC.

If you're living in Massachusetts and have questions about your tax responsibilities in connection with the state's health care coverage mandate, start at the Department of Revenue's health care FAQ page on the topic.

And here's hoping all have a healthy filing season!

Tax trip around the United States: This post is part of our series highlighting tax information from the 50 U.S. states and Washington, D.C. You can read other state tax blurbs at our Complete menu of tasty state tax tidbits.

The State Tax Departments page provides links to official state and District of Columbia revenue Web sites so that you can find out more about your home's tax laws and filing requirements.

As we work through the 2010 tax season, a different state will be featured each day as noted in Don't forget your state taxes! Check back to see what tax tidbit we share about your home.

Related posts:

Want to tell your friends about this blog post? Click the Tweet This or Digg This buttons below or use the Share This icon to spread the word via e-mail, Facebook and other popular applications. Thanks!


Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.