My tax attorney was sick so his assistant took over. She basically tooted that I did not enroll in obamacare and there was an exemption for those who did not have it. Then she stated it will double to 180 the next year. My answer was the same “uh huh”.
A deal at twice the price.
My tax accountant told me that the penalty (for 2014 tax year) is $95 ... per person ... PER MONTH not insured. That was never mentioned during all the hoo-hah on Obamacare that I can remember. It was touted as a $95 one time penalty. If you were uninsured for 12 months, that’s $1,140 per person whether a child or an adult. That could add up fast!
I asked him if he had seen people caught out by this and he said yes. And they are hopping mad.
And the penalties for 2015 are going to be higher.
I’m wondering why we haven’t heard more about this. Maybe when people start getting big bills from the IRS or big chunks taken out of their refunds?
My son had to pay $900.00.