Farmers, Barbers, and GOP Lawmakers Grapple with the Fate of ACA Tax Credits

Farmers, barbers, and GOP lawmakers grapple with the fate of ACA tax credits

John Cleveland is ready to pay a lot more for his health insurance next year.

Your health insurance premiums could double next year if Congress doesn't act on expiring tax credits

An estimated 337,000 of the state’s 400,000 health insurance marketplace enrollees will soon lose federal subsidies that make their coverage more affordable — if Congress doesn’t take action before Dec. 31.Ending the federal government shutdown, now the longest on record, hinges on Democrats and Republicans’ opposing positions on Affordable Care Act subsidies — known as enhanced premium tax credits — that are set to expire at the end of the year.

Farmers, Barbers, and GOP Lawmakers Grapple With the Fate of ACA Tax Credits

John Cleveland is ready to pay a lot more for his health insurance next year. He hasn’t forgotten the pile of hospital bills that awaited him after he had a seizure while tending to customers in his Austin, Texas, barbershop four years ago. Once doctors hurriedly removed the dangerous tumor growing on his brain, a weeklong hospital stay, months of therapy, and nearly $250,000 worth of medical expenses followed. The coverage he has purchased for …

Preparing Tax Clients for the 2026 ACA Open Enrollment Crisis

As open enrollment begins on November 1, tax practitioners face an urgent challenge: helping clients navigate dramatic changes to the Affordable Care Act marketplace coverage.