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.
There are plenty of people that filed cost-related exemptions, and this is a problem for the Obama administration. It appears that making Obamacare more affordable is going to be the best way to insure a larger amount of people.
But this also means that more people are learning how to take advantage of Obamacare exemptions.The Obamacare Penalty That People Evade The Most by Steve