Affordable Care Act Individual Shared Responsibility Payment
Health care coverage is now required under the Affordable Care Act, also known as “Obamacare.” If you do not have coverage, the IRS can charge you with an individual shared responsibility payment when you file your taxes in 2015. In their article on the subject, the IRS lists three reasons why you would have to […]
Affordable Care Act Tax Exemptions
If you do not have health insurance coverage or have a gap in coverage in 2014, you will have to either file for an exemption or pay an individual shared responsibility fee when you file your taxes in 2015. According to the IRS, people who qualify for an Affordable Care Act tax exemption include those […]