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Tax News Apr 2015 - "The Obamacare Tax: What Happens When You Don't Pay?"

Tax News Apr 2015 - "The Obamacare Tax: What Happens When You Don't Pay?"

Tax News Apr 2015 - "The Obamacare Tax: What Happens When You Don't Pay?"

Excerpt


The Obamacare Tax: What Happens When You Don't Pay?



Recently, the Obama administration announced that approximately three to six million households likely face a penalty for failing to obtain minimum essential healthcare coverage in compliance with the Affordable Care Act (ACA).


This number might sound smaller than it should be because many of the 20 to 37.5 million people still without health insurance are exempt from the penalty because they have obtained a waiver for religious reasons, due to their citizenship status, or because they are in jail.


 


 


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