Go for it. I get EIC.
Quoting hplesha:That's what i read in the papers h&r block gave us
That makes sense. It's one way to make sure that the people who don't have / can't afford coverage don't have the burden of paying the fine forced upon them directly.
I think it's a great idea, actually. I mean, I get it; paying a fine sucks, but at least they're not taking it out of the money that you're using to live.
i got a packet from my tax lady that explained it all. we have coverage so its not a big deal for me.
They are getting their money either way. It is all around bullshit.
Quoting vwd_johnson:That's how its worked in Massachusetts for years and years now.
However, when your taxes are done, they ask for proof of insurance and then if you weren't covered, the system figures out by the amount you make what you could have afforded a month for insurance.
If you are broke, they waive the fine, if they assume you could have afforded $100/mnth due to your income, then they will take that, so they will take $1,200.
One year Massachusetts assumed I could afford $40 a month, but by the end of getting my taxes done, it was determined I was freaking broke, so they waived the fee.
I assume the Obamacare situation will be very similar.
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