What you should do
According to the Social Security Administration, the easiest time to apply for your child’s Social Security number is when you’re at the hospital providing information for your newborn’s birth certificate. Waiting to apply until later can cause delays, which could mean you don’t have the Social Security number in time for your regular tax filing deadline.
If that happens, consider filing for a free tax extension that gives you an additional six months to file your return. Just keep in mind that a tax extension doesn’t extend your time to pay any taxes you might owe.
2 thoughts on “9 Events When Your Taxes Drastically Change”
Just a quick question if a person has not worked for a year and she has no medical insurance does she have to pay the fee at tax time because she does not have a job
It depends on your household income and the plan year. For 2018 plans and earlier, if insurance is unaffordable to you based on your income, you may qualify for an exemption from the fee. Other exemptions are based on low income too.