What you should do
Review the tax laws for each state you live in to make sure you know how each state calculates your income taxes and how it credits you for taxes paid to other states. Also, check your investment portfolio to make sure it’s as tax-efficient as possible. For example, many states don’t tax municipal bonds issued by state or local governments within the state. If you move to another state, however, those bonds might become taxable.
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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.