Tax Penalty For Not Having Insurance Ratchets Up In 2015

Tax Penalty For Not Having Insurance Ratchets Up In 2015

The tax penalty for not having minimum essential health insurance for yourself and other members of your tax family takes a substantial jump in 2015. For 2014, the penalty was the greater of the flat dollar amount ($95 for each adult plus $47.50 for each child under...
No Health Insurance? Qualify for Hardship Waiver?

No Health Insurance? Qualify for Hardship Waiver?

If you didn’t get health insurance coverage this year, you may be subject to a penalty unless you qualify for one of the many general or hardship exemptions. There are in excess of 30 possible exemptions from the penalty and some of the exemptions require you to...