Owe the IRS Money? Here’s Some Good News

Source:

http://finance.yahoo.com/news/owe-irs-money-good-news-145558614.html

The Obamacare penalty only applies to those who get a tax refund.

“Starting this year, the Obamacare law imposes a penalty on individuals who fail to have so-called minimum essential health insurance coverage for any month. This coverage requirement is commonly called the individual mandate, and the penalty is the cost for failure to comply. As you will see, however, the penalty lacks teeth, so many folks will probably choose to blow off the individual mandate. In any case, here’s what you need to know about the penalty.”

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Worth reading!

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About thomlucci

Disabled Veteran from Vietnam era, 2nd generation Italian-American, conservative, born in PA, raised mostly in Europe. Graduated from high school in France in 1966. Former print journalist, professional photographer. Love animals: dogs, cats, horses, mostly. Current Opinions of News is a blog where I vent my frustrations with Democrats, crime, social issues, and so on. Absolutely Mind Boggling is a blog I use to post amazing things. Well, some of them might not be amazing, but interesting, at least.
This entry was posted in Advice, Barack Obama, Communications, Economics, Financial, Healthcare, Politics, Society. Bookmark the permalink.

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