Monday, April 15, 2013

How health care overhaul may affect your tax bill

Sacramento Bee
If you're among millions of uninsured Californians eligible for government-subsidized insurance, the ripples of health reform start with Monday's tax deadline.
The government will use your return as its first yardstick for how much of a tax break it contributes to your health coverage. And if you don't have government-mandated health insurance a year from now, a penalty will be added to your federal tax obligations.