Category Archives: Finance

Finance

The Obamacare Penalty That People Evade The Most

According to TurboTax, a majority of taxpayers without health insurance did not have to pay an Obamacare penalty last year.

Around 70 percent of taxpayers avoided paying a penalty.  This is the same amount as from the previous year, per TurboTax.

The two exemptions that were claimed the most were due to the high cost of healthcare coverage.  Most of these taxpayers said that they were not able to pay for  Obamacare healthcare coverage or health insurance offered by employers.

Evictions and death in the family were other reasons why taxpayers filed a lot of exemptions.… Read the rest