Say Goodbye to the Tax Penalty for Not Having Health Insurance

You can view this content on YouTube, or listen to it on my Podcast. The Affordable Care Act, also known as the ACA and Obamacare, included a provision that taxed most Americans who didn’t buy and keep in place a specific type of health insurance. The reasoning behind the tax

Federal Law Changes that Will Affect Your Tax Return – Part 3

Yesterday and Tuesday I published the first 2 posts of a 3-part series about some of the questions people are asking with respect to recent federal legislation. Specifically, those questions are: Was Obamacare really declared unconstitutional by the Supreme Court? Were the required minimum distributions (RMDs) at age 70 ½

Federal Law Changes That Will Affect Your Tax Return – Part 2

Yesterday, I began a 3-part series about some of the questions people are asking about recent federal legislation. Specifically, those questions are: Was Obamacare really declared unconstitutional by the Supreme Court? Were the required minimum distributions (RMDs) at age 70 ½ from your retirement plan really eliminated? And how about

Federal Law Changes that Will Affect Your Tax Return – Part 1

Was Obamacare really declared unconstitutional by the Supreme Court? Were the required minimum distributions (RMDs) at age 70 ½ from your retirement plan really eliminated? And how about the threshold for writing off medical expenses–was that also tossed away? These are some of the questions people are asking in light

Update: Health Insurance and the Individual Mandate

When the Affordable Care Act (i.e., the ACA or ObamaCare) was originally enacted in 2010, a number of lawsuits were filed contesting its constitutionality. Many people were opposed to the federal government stipulating that most Americans had to be covered by a specific form of health insurance or be fined.