I am terrible at keeping up with tax stuff. An absolute weenie. Come January I’m going to start gathering up receipts from shoe boxes and mason jars and plastic shopping bags. They’ll be in my office closet, in my dresser, in my laundry room, my car, maybe in he garage, and in my room at my parent’s house. And being totally straight forward here, it’s because I’m SO BAD at math and lots of “adult” things that you’ve got to do. But I’m self employed. And I’m cheap. So TurboTax has been the way my taxes have gotten done for the past umpteen years.
One of the reasons why TurboTax is the go to is A. it’s cheaper than a CPA and B. you fill in the blanks and check boxes and that’s pretty much it. Plus my dad helps. So TurboTax + my father means I’m filing and legal every year. That’s a win in my book.
As a rule there are certain things I typically avoid, just because. Those things include: politics, the news, anything else serious that people can argue about or get upset over. I’m a happy gal and I’d much rather watch cat videos than read about who is doing things wrong and how everything is terrible. BUT I am quite aware of changes in healthcare regulations. Largely because it impacts me. If it didn’t I probably would have skimmed right on past those headlines as well.
And while my receipts might be all over this house (and one in another state) I am still quite aware that in 2015 my healthcare and taxes are coming together. And this is why… Obamacare is on the scene to make sure everyone can afford health insurance.
And since insurance is now affordable for all, anyone who doesn’t get with the program gets penalized on their taxes. Another but, some uninsured people won’t be penalized because there is an exemption. But how do you know if you qualify for that exemption? TurboTax can tell you!
So we’ve got there are those of you out there who are insured by your employer or Medicaid or any number of places. Lucky you, you just have to check a box. Then there are those of you who are insured through the exchanges. You’re going to get some paperwork that you’ll use kind of like a W-2. Last of all are the uninsured, which we covered above. Either you are exempt (yay!) or you pay a penalty of $95 or up to 1% of your income (not so yay).
The thing is, with TurboTax you’re going to know exactly what you need to do, if you get penalties, if you get exemptions and you can do your taxes yourself, saving big money and being confident that you’re doing it right. Don’t let healthcare and taxes coming together scare you off… just get TurboTax and get after it.
I was selected for this opportunity as a member of Clever Girls and the content and opinions expressed here are all my own.Written by Allison Murray - Visit Website