Affordable Care Act tax penalty

What's Happened to the ACA Penalty Tax?

With less than two weeks to go before Americans must file their 2016 federal income tax returns, those who didn’t have required health insurance coverage...

April 5, 2017Roberton C. Williams

: TaxVox

If Wishes Were Taxes, Reformers Would Smile

Everything could come up roses for Rubio and Lee. At least one version of dynamic scoring—accounting for macroeconomic effects of a proposal—has produced some rather glowing estimates of senators Marco Rubio’s and Mike Lee’s tax plan. The Tax Foundation says the Rubio-Lee plan would increase tax

March 9, 2015Renu Zaretsky

Individual Taxes: TaxVox

So Far, Affordable Care Act Users Are Managing Tax Filing, Many Uninsured May Use New Enrollment Period

So far, most people with Affordable Care Act insurance subsidies seem to be filing their taxes without huge problems, despite the complexity of the process. However, about half of those who have filed returns with tax prep firm H&R Block and who owe a penalty for not having insurance, have

February 24, 2015Howard Gleckman

: TaxVox

Tax Fun in the Summertime?

Congress is in recess this week. The Daily Deduction will resume its regular schedule on Monday, February 23. Tax reform’s narrow window, according to House Ways and Means Chair Ryan. “I just think knowing the way the budget process works on tax reform that if we haven't done it in 2015, which is

February 16, 2015Renu Zaretsky