The Affordable Care Act is the granddaddy of tax law changes this year.

In fact, it’sthe largest single change to the tax code in 20 years.

It’s a complex one to dig into, so let’s set it aside for now.

This post originally appeared atGOBankingRates.

This complexity affects almost 9 million students.

(Note: More resources on this are forthcoming from the IRS.

So yes, it’s taxable.

Different calculations will apply if you invest in virtual currency or receive it as compensation for services.

Saving for Health Care

Health Flexible Spending Accounts (FSAs) are traditionally use-it-or-lose-it plans.

Now there is another change.

Yes, the entire year.

This only applies to general purpose FSAs, not ones for specific uses like dependent care or dental expenses.

You might need to plan ahead based on this new restriction.

Unemployment Benefits

Being without a job is stressful, mentally and financially.

For many job seekers, unemployment benefits provide a valuable bridge between their current situation and a new position.

The bad news is that these benefits are taxable income.

You will receive Form W-2 and/or Form 1099-G with the amount of benefits reported.

Use this information to file your tax return.

Taxpayers can still make as many trustee-to-trustee transfers as they like over the course of a year.

In addition, the disallowed rollover will be subject to the regular IRA contribution limits.

The takeaway: Withdraw IRA funds with great care and attention in 2015 and going forward.

While that is a correct impression, for tax purposes the definition is now a bit broader.

Even if the person is related to you.

As tax-free money, however, it is not earned income used to compute the Earned Income Credit.

Single or married filing separately is now $6,200, a $100 increase from 2013.

Head of household is $9,100, a $150 increase.

Married filing jointly or qualifying widow(er) is $12,400, a $200 increase.

These will be higher if you are over 65 years old, or if you are blind.

Finally, each exemption claimed in 2014 is $3,950, a $50 increase.

Of course, you won’t file your 2014 return today.

It isn’t due until April 15, 2015!

Of the expired benefits, 12 impact individuals and 14 affect small businesses.

Educator expense deduction, which allows teachers to claim up to $250 of unreimbursed classroom expenses.

Photo by401(k) 2012.