If you looking for answers in reference to the Affordable Care act and what your ta preparers are going to ask you. go to Affordable Care Act (ACA) Tax Provisions
Don't forget to make sure you read between the lines as to what it will cost you if you do not have health insurance.
Don't forget before, if you did and were able to afford it, even though the cost was high, the plans paid 80% of the bills, and you were responsible for the additional 20%.
Now if you signed up for OBAMACARE ( THE AFFORDABLE CARE ACT), THE MINIMUM DEDUCTIBLE COULD BE AS HIGH AS $6,500.00, TO AS LOW AS $1,250.00. The amount that any of c overages for the basic plan (Bronze) pays 60%, and your responsible for the difference 40%.
If you DID NOT SIGN UP FOR OBAMACARE, YOUR MINIMUM PENALTY WOULD BE $ 95.00 PER ADULT, AND $47.50 PER CHILD WITHIN THE INCOME LIMITATIONS. AFTER THAT IT IS 1% OF YOUR INCOME
If you have any quesitons please do not hesitate to ask,
Franklin Katz, ATP, PA, PB
Frank’s Tax & Business Service
315 E. King St
Kings Mountain, NC 28086
(704) 739-4039
Fax: (704) 739-3934
E-mail: [email protected]
Website: Kings Mountain, NC Accounting Firm | Home Page | Frank's Tax & Business Services
Don't forget to make sure you read between the lines as to what it will cost you if you do not have health insurance.
Don't forget before, if you did and were able to afford it, even though the cost was high, the plans paid 80% of the bills, and you were responsible for the additional 20%.
Now if you signed up for OBAMACARE ( THE AFFORDABLE CARE ACT), THE MINIMUM DEDUCTIBLE COULD BE AS HIGH AS $6,500.00, TO AS LOW AS $1,250.00. The amount that any of c overages for the basic plan (Bronze) pays 60%, and your responsible for the difference 40%.
If you DID NOT SIGN UP FOR OBAMACARE, YOUR MINIMUM PENALTY WOULD BE $ 95.00 PER ADULT, AND $47.50 PER CHILD WITHIN THE INCOME LIMITATIONS. AFTER THAT IT IS 1% OF YOUR INCOME
If you have any quesitons please do not hesitate to ask,
Franklin Katz, ATP, PA, PB
Frank’s Tax & Business Service
315 E. King St
Kings Mountain, NC 28086
(704) 739-4039
Fax: (704) 739-3934
E-mail: [email protected]
Website: Kings Mountain, NC Accounting Firm | Home Page | Frank's Tax & Business Services
