News Headlines Article

Why Obamacare Means One of the Most Complicated Tax Seasons Ever
KQED Radio

Most days in early January, tax preparation offices are dead. Most people won’t get their W-2 or other tax documents until later this month. But at an H&R Block office I visited in San Francisco, office manager Sue Ellen Smith is expecting things to pick up fast. The IRS commissioner declared back in November that this tax season will be one of the most complicated ever. Why?

“This year taxes and health care intersect in a brand-new way,” Smith said. This is the first year that people who do not have health insurance will have to pay a fine, and that fine could be hefty.

Commands