Yes, the IRS no longer has a penalty for uninsured taxpayers starting 2019. However, CA picked up the slack and will now penalize residents if they don’t have coverage starting Jan 2020. “Effective January 1, 2020, California residents MUST obtain minimum essential health care coverage to avoid the new California individual health care mandate penalty…
Here are some things you should do to make tax season a little easier: 1) Find a special folder or box to collect all tax documents when they start snailing in in January/February. That way no matter who gets the mail, they know where to put the Important Tax Information. 2) Total up all your…
The IRS has an estimated $1,000,000,000 (BBBBBillion!) dollars in owed tax refunds for people who have not yet filed their 2011 taxes. In CA alone, they have $92M of our hard earned money! The DEADLINE to claim you money is April 15th 2015! If you have not filed, contact a tax professional ASAP! Remember, there…
We all know that new tax regulations can cause hiccups when filing your tax return, and the new Covered CA/ObamaCare has been no different. Its been a challenge to correctly report the tax form 1095-A, especially when commingled with private insurance coverages throughout the year or for separate household members. But I don’t think anyone…
Copyright 2015