Ana Rosales is a 38- year-old mother of three who is uninsured. To help Rosales and 50 million other uninsured Americans facing important health care decisions, TurboTax has created TurboTax AnswerXchange.
You may already know that starting in 2014 most Americans are required to have health insurance under the Affordable Care Act, but did you know that individuals who do not have health insurance could face a tax penalty in 2015? For those who do not plan on purchasing insurance before the March 31, 2014 deadline, TurboTax created a penalty calculator to help you estimate how much your penalty will be for 2014.
As the summer nears it’s end and kids start running off to school, you’re probably thinking that time is going to be at a premium. End of summer means the end of a casual lifestyle, even if you’re still working, when bosses are on vacation and employees are more relaxed. It’s also a perfect time to put a little extra work in this Labor Day to make sure you don’t have to labor nearly as hard.
You might not know, but Obamacare, health care reform, and the Affordable Care Act all mean the same thing. They are the unofficial names for The Patient Protection and Affordable Care Act, a national health care plan signed into law by President Obama that aims to provide the majority of Americans with access to affordable health care.
Under the new health care law, or Obamacare, each state will have an online health care marketplace (also known as an exchange). These online health insurance marketplaces are designed to help you compare plan options and purchase the plan that fits your health care needs and budget. Check out the links below to see information on state-by-state marketplaces.
Under the new health care law, otherwise known as Obamacare, most Americans will be required to have health insurance starting in 2014. So what does that mean to you? If you already have health insurance through your employer, not much will change. But what if you don’t have insurance? To help pay for the cost of health insurance, you may be eligible for financial assistance from the government, called a subsidy.
In the wake of the tragic bombings that occurred in Boston on Monday, April 15, the IRS announced today a three-month tax filing and payment extension to provide relief to Boston-area taxpayers and others affected by Monday’s explosions.