Unless your knowledge is far beyond the point, most taxpayers must have health insurance coverage. Without coverage, taxpayers will be required to either qualify for an exemption or pay a penalty. This “Individual Shared Responsibility”Both individuals and families can benefit from this provision. These are the things you should know when preparing your tax returns for this year.
If you and your spouse, as well as all other dependents, had filed a 2014 tax return (dependents), “minimum essential coverage,”This covers most employer-sponsored plans. It also includes programs such as Medicare and Medicaid. Simply check the appropriate box to indicate that you have insurance for the whole year. If someone on your return was not covered for several months, they must be eligible for an exemption.
One of the following circumstances must be present in order to qualify for an exemption:
* The individual does not have access to affordable coverage because the minimum annual premium available is more than eight percent of the household income.
* The gap in coverage existed for less than three months.
* The individual qualifies for other exemptions that include a hardship or being a member of a group that is exempt from health coverage (for example, incarcerated inmates or members of a federally recognized Indian tribe).
You will be assessed a penalty each month that you aren’t covered or exempted from the coverage. This penalty is reported on your tax return and calculated. The payment amount is generally equal to 1 percent of your household’s income above the filing threshold. It can also be $95 per person (or $47.50 per person younger than 18). For 2014, the family maximum payment is $285
For each month that you, or someone on your return, doesn’t qualify for either health care or exemption, you’ll be responsible for half of the annual payment. Does that sound complicated? Taxes can be complicated. Many taxpayers love to have their taxes prepared by a professional.
This is your best option, but make sure you have your tax preparer licensed and certified.(*) (Enrolled agents are licensed by U.S. Department of Treasury. They must pass an IRS exam and continue IRS-approved education. An EA can help you with your taxes. Search the searchable to find one near you. “EAs”Database at “Find an EA”.www.naea.orgPregnancy can be very exciting. There is so much to do, so many appointments to keep. Expectant mothers worry so much for their unborn baby that they forget to take good care of themselves.
Experts agree that prenatal vitamins are crucial for both mother and baby.
Jay M. Goldberg MD FACOG is an obstetrician in Los Angeles.
“During pregnancy, a woman’s body undergoes many physical and hormonal changes. She can experience things like fatigue, loss of appetite and an upset stomach, which can make it difficult to maintain the proper levels of essential nutrients needed for a healthy pregnancy,”Prenatal vitamins, such as DHA, or Folic Acid, are essential ingredients. Prenatal vitamins are important ingredients that help moms to be soon have a healthy diet. They can also aid baby’s brain, eyes and central nervous system development.
It is important to know that vitamins do not work in the same way. There are alternatives. Vertical Pharmaceuticals LLC is the inventor of the prenatal vitamin that contains egg-based DHA.
. OB Complete Gold includes OmEGGa DHA. This DHA is naturally found in the eyes and brain. OmEGGa DHA can be easily absorbed and absorbed into the body. It is easily absorbed and absorbed in smaller, more efficient steps.OB Complete GoldOB Complete gold comes in a softgel that can be taken one time daily. This complete formula is rich in highly soluble vitamins and minerals. It contains no sugar, lactose or gluten.
The supplement vitamin can be stored in a small, convenient container. It is designed to help busy moms keep track of their daily doses, provide helpful information and offer discounts on refills. OB Complete gold is a prescription-prenatal vitamin. Ask your healthcare provider to give it a try.
For additional information about safety and product details, please visit this page
