The IRS, pummeled for years by congressional Republicans and funding cuts, faces the challenge of administering the most sweeping overhaul of the U.S. tax code in three decades. But first the beleaguered agency had to get through the current tax-filing…
By Marcy Gordon, Associated Press
The Obamacare penalty won’t go away until 2019, and that means you still will owe Uncle Sam if you didn’t have health insurance – or an exemption from the mandate – in 2017.
By Emily Bazar, Kaiser Health News
WASHINGTON — President Barack Obama paid more than $81,000 in taxes last year on adjusted gross income of more than $436,000. Their effective federal income tax rate was 18.7 percent.
By Josh Lederman, Associated Press
WASHINGTON — Many people who went without health insurance last year are now seeing fines more than double under President Barack Obama's health care law, tax preparation company H&R Block said Tuesday.
By Ricardo Alonso-Zaldivar, Associated Press
Support Provided By: Learn more
Educate your inbox
Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else.