CHICOPEE, Mass. (WWLP) – About half of the 40 million people who didn’t have health insurance in 2014 may be exempt from the Obamacare tax penalty.
However, the creators of ‘Turbo Tax’ say more than 95% of those people have not applied for the exemption. That means millions will be paying more in taxes than they should.
The average fine is around $300.
You can start filing your 2014 income tax on Tuesday, January 20th. The IRS expects to process nearly 150 million individual tax returns this year.