Avoiding tax & healthcare mistakes

really add unneccessary pressure. but you can avoid that altogether by informing yourself. abc-7’s josie ortegon is live … rick, estela. if you don’t have health insurance, it’s going to cost you, but some other all–too common mistakes can rpove to be just as costly: “i didn’t know that taking mone from my 401 k that that was considered income. i thought it was something totally separate.” yolanda chacon says that extra income wiped away the exemption she had from the health insurance requirement … and cost her a penalty. and she’s not alone. penalties for not having insurance increased to $325 per adult or 2 percent of your income, whichever’s higher. “there are still a lot of questions out there and many each year.” projec amistad navigator rosabla hernandez says one of the biggest mistakes people make–is–not reporting changes like new income sources or new dependents. you may also be surprised to find you qualify for a subsidy. “th government continues to issue subsidies to households that qulify, that subsidy is going to help that individual pay for the health insurance that they enroll in in the marketplace.” and whil everyone is required to have health insurance– acosta–“if your income level isn’t as high you may be exempt, maybe you were unemployed, or single.” cpa imelda acosta says even if you are unemployed, you won’t necessarily be penalized: “you have a exemption of three months if you weren’t covered during that period, you don’t have to pay a penalty.” and if you’re covered by your employers health insurance– “they can come throught he marketplace and still shop but the only thing is they won’t qualify for a subsidy.” it’s better to be safe than sorry by asking questions–because it may end up costing you in the long run. chacon–“just be patient and as questions, so you can get the answers you really need.” tax day is monday. but you can file for an automatic six month extension. medical history is going to take