I completed my taxes a few days ago. There are some new things to worry about: Obamacare.
In addition to the other normal tooth extraction throuogh your ass, there are a few added items to comply with the new law.
1. You will be asked if you have qualifying health insurance that complies with the ADA or if youwould like to pay the fine. Check “yes” or “Fine”.
2. If you check “yes” there is no further item asking you to prove it. They seem to take your word for it.
3. There is a new form (I forget the number) but it is an incomprehensible form asking something about the allowance you took last year for ADA. Put in an amount. I put in zero, since if i gave anyone any amount I would probably know about it. But as I said, the form is incomprehensible.
So, for the first year, Obamacare will be showing up on people’s taxes and Turbo-tax will be able to show people what that does to their refund.