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Do You Have a Sleeping Tax Penalty for 2014? – If you know someone who lacks health insurance…read this!

Beginning in January, 2014, you will be required to have health insurance or face a potential penalty. The initial penalty will be $95 per individual, $285 per family or 1% of your income whichever is greater. There is also a potential penalty assessed on employers who fail to offer employees health care insurance. Beginning in January, 2014, virtually everyone will be required to have health insurance or face a potential …Read More

The New Premium Tax Credit – Claim it now or take it later?

Beginning on October 1, 2013 a new Health Insurance Marketplace is being opened by each state. This Marketplace will allow open enrollment for uninsured to obtain health insurance. If eligible you may also receive a reduction in your insurance premium by use of a Premium Tax Credit. Should you apply the credit now or wait and receive the credit on your tax return? Here is what you need to know. …Read More