11 things you and your clients will want to start thinking about for next tax season by accountingtoday.com
Day #2 Affordable Care Act changes for individuals
The individual mandate penalty increases to the higher of 2 percent of yearly household income or $325 person per year, with a maximum penalty per family for those using this method of $975.
In addition, federal poverty level guidelines, used to determine if the individual qualifies for subsidy, have increased.
The Pathways Team