2024 ACA Deadlines Are Approaching – Here’s What You Need to Know

As 2024 winds down, it’s time for Applicable Large Employers (ALE) to start thinking about their ACA responsibilities. There are specific deadlines for both furnishing and filing forms, paper and electronic filing considerations, and ACA reporting vendor deadlines to consider. Here are some quick points to consider for the upcoming ACA filing season.

IRS Form Deadlines – 2024 ACA Filing Year

February 28, 2025 – File Forms with IRS (Paper filing)*

March 3, 2025 – Furnish Form 1095-B & 1095-C to Eligible Employees

March 31, 2025 – File Forms with IRS (electronic filing)

Late Filing

There is no longer good-faith relief for employers who miss ACA filing deadlines, so it is very important to know exactly what your responsibilities are regarding ACA reporting.

ALE Status

It is an employer’s responsibility to know if they are an ALE with ACA reporting obligations. Failure to file (and even late filing) may result in substantial penalties.

2025 Affordability Percentage

The ACA affordability percentage increased to 9.02% for the 2025 tax year. The intent of this rule is to ensure employees have access to affordable healthcare coverage, and the change could impact employers if their coverage does not meet this affordability threshold. Read more about the 2025 affordability percentage.

Who Is Required to e-File?

*The e-filing requirements have changed over the last few years. Currently, ALEs who file at least 10 returns with the IRS must e-file. This is significantly lower than the previous 250 return threshold. Note: The 10-return threshold is aggregated to include all information return types an employer files under the final regulation, meaning 10 information returns of differing but applicable varieties count toward e-filing status.

As always, there are many considerations to make regarding ACA reporting every year. That’s why BASIC developed ACA Elevate, our no-brainer reporting solution that removes complexity and stress for employers.

But don’t wait! Sign up for ACA Elevate by November 30, 2024 to guarantee on-time filing!

BASIC ACA Elevate

Compliance is essential to avoid large penalties, and there are even more penalties that deal with failure to file, furnish forms, and more. ALEs subject to the ACA requirements can ensure compliance by working with a trusted partner like BASIC. We’ve handled ACA compliance since 2005 and have the expertise to keep your organization stress-free. Let us take the complexity out of the ACA so you can spend time doing what you do best!

Request a no-cost proposal for BASIC ACA Elevate today!