I thought they weren’t going to enforce the penalty yet. This is ridiculous.
I would bet it is a fake.
I thought they weren’t going to enforce the penalty yet. This is ridiculous.
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If the IRS tries to collect penalties in 2016, the only Rats left in office by Nov. will be from CA and NY.
One thing you can be guaranteed of -
any penalties will be
SELECTIVELY ENFORCED.
If you don’t have coverage in 2015, you’ll pay the higher of these two amounts:
2% of your yearly household income. (Only the amount of income above the tax filing threshold, about $10,150 for an individual, is used to calculate the penalty.) The maximum penalty is the national average premium for a Bronze plan.
$325 per person for the year ($162.50 per child under 18). The maximum penalty per family using this method is $975.
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If you don’t have health insurance in 2016, you’ll pay the higher of these two amounts:
2.5% of your yearly household income (Only the amount of income above the tax filing threshold, about $10,150 for an individual in 2014, is used to calculate the penalty.) The maximum penalty is the national average premium for a Bronze plan.
$695 per person ($347.50 per child under 18) The maximum penalty per family using this method is $2,085.
https://www.healthcare.gov/fees-exemptions/fee-for-not-being-covered/
How is the penalty collected?
You’ll pay the penalty when you file the federal income tax return for the year for which you’re seeking coverage. Most people will file their 2015 tax returns early in 2016.
What happens if I don’t pay the fee?
The IRS will hold back the amount of the fee from any future tax refunds. There are no liens, levies, or criminal penalties for failing to pay the fee.
The only enforcement provision is to take it out of your tax refund. Just make sure you are not getting a refund and then don’t pay it. There is nothing else the IRS can do to you.