A single-income family could hit a snag at tax time if the working spouse didn’t pay for health coverage for all members of his or her family. The Affordable Care Act — also known as Obamacare — requires everyone in a household to have minimum essential coverage, or pay a penalty when filing a tax return, said Du Val.
So, if you thought you were saving money by not including your spouse on your policy, you’ll pay for it at tax time. Du Val said he’s seen taxpayers pay penalties of more than $1,000.
CRISSCROSSING THE GLOBE DOESN'T HAVE TO BE COST-PROHIBITIVE Whether you're a seasoned jet-setter or an…
Making money takes work, but work is too hard. Luckily, there are some ways to…
HOW WELL DO YOU KNOW YOUR 401(K)? For thousands of Americans, a 401(k) plan is…
While it's true that love might not cost a thing, plenty of romances fall victim…
NEW YEAR, NEW TAX RESPONSIBILITIES 2018 just started, so it may seem too early to…
Are you coming up short financially and thinking about borrowing money? If so, you're definitely…