The penalty for not buying health insurance by March 31, 2014 was $95 per adult or 1 percent of your income. The tax penalty for 2014 increases to $325 or 2 percent, whichever is higher. On Thursday, officials announced an addendum: 2 percent of your income up to $2,448 per person and $12,240 for a family of five.
In the audit, 18 applications were filed by employees of the Government Accountability Office, and 11 went through. That comes on the heels of two conflicting court rulings about the Obamacare subsidies Tuesday.
Saving money in your 30s and 40s can be quite different than managing your money when you are in your 20s. For example, people should be seriously considering whether or not they will purchase a home and save for a down payment.