As if there weren't enough questions, the IRS is adding one more while filing your taxes.
In 2014, part of your tax return will be based on whether or not you have health insurance. You could pay more if you don't. It doesn't start until next year, but H&R Block is already asking clients about healthcare. They want to inform people early because there isn't a lot of knowledge about the change.
"When we really start to boil down to the specifics there's just not a lot of knowledge, and I think that's one of the benefits that H&R block is bring to their clients. Coming to the office is that opportunity to understand ahead of time what those impacts are going to be," said Brian Johnston, H&R Block.
In 2014, the penalty for not having insurance is $95.00 or one percent of your income. In 2015, it goes up to $325.00 or two percent. In 2016 you could be charged 2.5% for not having insurance.
Friday, May 17 2013 8:00 PM EDT2013-05-18 00:00:25 GMT
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Thursday, May 16 2013 11:00 PM EDT2013-05-17 03:00:30 GMT
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Monday, May 20 2013 11:25 AM EDT2013-05-20 15:25:38 GMT
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Monday, May 20 2013 11:23 AM EDT2013-05-20 15:23:18 GMT
SHAWNEE, Okla. (AP) - Oklahoma's state medical examiner's office says a second person was killed by a tornado that leveled a central Oklahoma mobile home park. Office spokeswoman Amy Elliot on MondayMore >>
Oklahoma's state medical examiner's office says a second person was killed by a tornado that leveled a central Oklahoma mobile home park.More >>
Monday, May 20 2013 10:31 AM EDT2013-05-20 14:31:25 GMT
Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. GOP looks to capitalize on Obama woes Many Republicans would like to deny the president a victoryMore >>
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