And if the parent does not work and the kids are age 21, 23, 25 and all live on their own???? Then what?
And if the parent does not work and the kids are age 21, 23, 25 and all live on their own???? Then what?
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Apparently this “fine” applies to those under the age of 18. So you are right - there is a discrepancy since Obamacare let’s those kids 26 and under on Obamacare.
Certainly they have made a rule or regulation regarding this, but it isn’t in the article.
From the article:
“Children will be fined at half the adult rate, or $162.50 for those under 18 years old.”
So April 1th comes around. You don't have a refund.
So beginning your first paycheck in May....for 12 months, you will have a special deduction (1/12th of the penalty).....just like a tax.