Tag: 2015

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The Affordable Care Act (ACA) removed obstacles that prevented some people from buying health insurance but not everyone has signed up, and not everyone who did sign up kept their coverage. Because of that, millions will owe the individual shared responsibility payment, better known as the Obamacare penalty or ACA penalty, when they file taxes. Who pays the…

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The 2016 tax filing season will open on January 19, the IRS said Monday. That’s the day the agency will start accepting 2015 federal tax returns — both those filed electronically and on paper. If you’re one of those hyper-early types and you’re working with a tax preparation firm or tax prep software, you can…

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