- Days left

Fiscal Cliff Calculators: How Much More Will You Owe If We Fall Off?

×


Fiscal Cliff calculators gallery

Increase your money and finance knowledge from home

Goal Setting

Want to succeed? Then you need goals!

View Course »

Economics 101

Intro to economics. But fun.

View Course »

TurboTax Articles

Video: Who Qualifies for an Affordable Care Act Exemption (Obamacare)?

The Affordable Care Act requires all Americans to have health insurance or pay a tax penalty. But, who qualifies for an Affordable Care Act exemption? Find out more about who qualifies for an exemption from the Affordable Care Act tax penalty, how to claim an exemption on your tax return and how the Affordable Care Act may affect your taxes with this video from TurboTax.

Video: How to Claim the Affordable Care Act Premium Tax Credit (Obamacare)

The Affordable Care Act Premium Tax Credit is a new refundable tax credit that can lower your monthly health insurance premiums. If you qualify for the tax credit, you can claim the Premium Tax Credit throughout the year to lower your monthly health insurance premiums, or claim the credit with your tax return to either lower your overall tax bill or increase your tax refund.

Deducting Summer Camps and Daycare with the Child and Dependent Care Credit

If you paid a daycare center, babysitter, summer camp, or other care provider to care for a qualifying child under age 13 or a disabled dependent of any age, you may qualify for a tax credit of up to up to 35 percent of qualifying expenses of $3,000 for one child or dependent, or up to $6,000 for two or more children or dependents.

What Is Schedule H: Household Employment Taxes

If you hire people to do work around your house on a regular basis, they might be considered household employees. Being an employer comes with some responsibilities for paying and reporting employment taxes, which includes filing a Schedule H with your federal tax return. But even if you have household employees, filing Schedule H is required only if the total wages you pay them is more than certain threshold amounts specified by federal tax law.

Add a Comment

*0 / 3000 Character Maximum

46 Comments

Filter by:
freethedems2012

Evan thinks I need a refill of BS. No, Evan you can keep it.

December 08 2012 at 7:29 PM Report abuse -1 rate up rate down Reply
ectullis

Not if, when

December 08 2012 at 2:55 AM Report abuse +3 rate up rate down Reply
yearsocrapleft

THIS TERRORIST MUSLIM CLOWN FARKED THE MIDDLE CLASS ,WHEN HE DRIVES THE COUNTRY OFF THE "CLIFF" EACH ONE WILL HAVE TO PAY AN EXTRA $2.200 IN TAXES ....HA HA HA THEY VOTED FOR A TAX INCREASE ON THEMSELFS ~~RAISE ALL THE RENTS ON ALLTHE WELFARE ,SECTION 8 N FOOD STAMP SLUGS SKYHIGH HA HA HA HA

December 08 2012 at 1:45 AM Report abuse -6 rate up rate down Reply
yearsocrapleft

QUIT YOUR $8~~$9 AN HOUR JOB N GET ON THE WELFARE TRAIN LIKE ALL THE BLACKS N RICANS N ILLEGAL IMMIGRANTS THAT "BROKE" INTO AMERICA , WILL BE ROBBING OUR COUNTRY FOR THE NEXT 4 YEARS ,BELIEVE ME YOU WILL BE BETTER OFF. ! IF YOU SEE ILLEGAL IMMIGRANT ACTIVITY CALL 866~347~2423 OR WWW.ICE.GOVTIPS ! !

December 08 2012 at 1:33 AM Report abuse -5 rate up rate down Reply
s.kohanski

Evan is responding to his other screen names, that's priceless

December 08 2012 at 12:23 AM Report abuse -2 rate up rate down Reply
1 reply to s.kohanski's comment
freethedems2012

He thinks that will throw people off..........the dweeb.

December 08 2012 at 9:57 PM Report abuse -1 rate up rate down Reply
pdbliz

All I have to say is,,,,,,,,,,,,,,,THE AMERICAN PEOPLE WILL GET WHAT THEY VOTED FOR,,,BE IT,,GOOD OR BAD...
THEY WILL GET WHAT THEY DESERVE.!!!!!!!!!!!!!!!!,,,,,,,,,,,,,We have a lost generation,,and,,the next will be worse,,,,,,,,,,,,,,,,,,,,,,,IN THE YEAR 2525,,,,,,,,,,,,,,,,,,,,,,,??????????????????

December 08 2012 at 12:06 AM Report abuse -3 rate up rate down Reply
popatopfl

It's all about the "Fiscal Cliff" and ending Bush's tax breaks and Obama wanting the plus 250 grand earners to lose the tax break. Simple fact is congress is made up of millionaires and they don't want to raise their taxes. They also want the break for their millionaire campaign donors and PACs. He has to renew the breaks for everyone or let it expire for everyone. The super rich have "Tax Accountants" to move their money around to avoid paying taxes
Better yet push all career politicians over a cliff.
Maybe if Romney didn't keep changing his stance and hadn't come across as a self righteous snob who showed nothing but contempt for the middle class, maybe half the voters would not of voted against him.

December 07 2012 at 11:23 PM Report abuse +7 rate up rate down Reply
1 reply to popatopfl's comment
s.kohanski

Wouldn't make a big difference as the world banks and oil barons run the nation. Presidents are but mere pen puppets. If Frogs had wings they wouldn't bump their assses too.

December 08 2012 at 12:26 AM Report abuse -3 rate up rate down Reply
millsredroosters

Let go on over i can adapt those lazy asses will not.

December 07 2012 at 11:02 PM Report abuse +5 rate up rate down Reply
AL CONFER

I find it most interesting that all the administration and the Republicans talk about is cutting Social Security and Medicare. Medicare the seniors pay for. Social Security is paid by all working Americans, so please tell me why our president and congress are not cutting those that have for years and years refused to work, and if anything the illegals that pay nothing but send money back to their home countrys and what benefit is that to America? Why are we still sending foreign aid to countrys that want to kill us? Why have we not forced countrys that owe us money to pay it back as you can be assured the chinese want theirs back. Why do we allow government employees that are considered non essential to continue to have a paycheck for a non essential job? Why do we have fees and licenses that inhibit business and it is just another tax? Why are we still paying to keep the United Nations when member states are in arrears? Shall I add more?

December 07 2012 at 10:57 PM Report abuse +5 rate up rate down Reply
yearsocrapleft

RICH PEOPLE WILL LAY OFF 'ALL' AMERICAN WORKERS N MOVE THERE COMPANIES OVERSEAS UNTILL THIS TERRORIST MUSLIM CLOWN IS REMOVED FROM OUR WHITE HOUSE IN HANDCUFFS~~""IMPEACH THE TERRORIST MUSLIM CLOWN NOW"" OR ""SHUT THE COUNTRY DOWN""

December 07 2012 at 10:09 PM Report abuse -3 rate up rate down Reply