Why Do I Owe A Penalty And What Can I Do About It?
I sent a payment to the IRS. Why did I get a bill? If you mailed a payment to the IRS on or before July 15, it may still be unopened in the backlog of…
2018 is the Final year for the Insurance Coverage Penalty
Yes, the ACA’s individual mandate penalty is still in effect, and will continue to be in effect in 2018. If you’re uninsured in 2018 and not eligible for an exemption, you’ll owe a penalty when…
How Much is the Penalty for No Health Insurance?
Which States Still Charge a Penalty? As of the most recent filing year, these states have their own individual mandate penalties: These penalties are collected through your state tax return, not the federal return. How…
Remember: IRS will Start Enforcing ObamaCare’s Individual Mandate
The Internal Revenue Service (IRS) announced that they would start enforcing ObamaCare’s individual mandate with the 2018 tax filing season, the first time the agency has done so since the mandate took effect back in…
Avoiding the ‘Obamacare penalty’
What You Must Know About Health Coverage Requirements For several years, many taxpayers feared the so-called “Obamacare penalty,” formally known as the Shared Responsibility Payment under the Affordable Care Act (ACA). The penalty applied to…