Obamacare To Make Filing Your Taxes Even Harder – IOTW Report

Obamacare To Make Filing Your Taxes Even Harder

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Lonely Conservative

Quite a few Americans are going to find filing their taxes is even more difficult and complex thanks to Obamacare, according to the CEO of H&R Block. As if filing your taxes isn’t bad enough.

Internal Revenue Service has released to comply with Obamacare.

“As expected, the forms are very detailed and can present significant complexity, depending on a filer’s coverage status during the year, income level, and household composition,” Cobb said. “Depending on their situation, there are instances where filers may need to file multiple new tax forms and complete additional worksheets.”

Starting with next year’s tax season, individuals who do not have health insurance that meets federal requirements will be subject to penalties. But there are various categories of individuals who could be exempted.

“Depending on the type of exemption, the process to claim it could be quite cumbersome and time consuming,” Cobb said

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