How the Fee for Not Having Coverage Works If you arent exempt - TopicsExpress



          

How the Fee for Not Having Coverage Works If you arent exempt from the fee and choose not to get health insurance (known as minimum essential coverage) in 2014 you will owe a per-month fee for every month you go without coverage. The only way for the IRS to collect the fee for not having health insurance is to withhold the money you would get back after filing your federal income tax returns. The IRS cannot enforce the Individual Shared Responsibility provision with jail time, liens, or any other of typical methods of collection. Please keep in mind that about 75% of Americans got a refund in 2012 and many who arent owed a refund will be exempt from the tax anyway. obamacarefacts/obamacare-individual-mandate.php
Posted on: Wed, 25 Jun 2014 18:42:11 +0000

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