What happens if I can't pay the tax penalty for not having health insurance?

What happens if I can't pay the tax penalty for not having health insurance?

I'd love to have health insurance for my wife and three kids. But as it is now and has been for the last few years we can barely pay our bills and literally have to skip meals sometimes. I understand the penalty for not having health insurance for a family the penalty would be $2,085 or 2.5 percent of household income, whichever is greater. We also somehow make too much money for Government assistance in any form (not even food stamps!). I looked into insurance prices and they are quite a bit higher than the tax penalty. I'm assuming if I can't pay that extra tax penalty, it would be treated like any other debt to the IRS and they will garnish my wages. But what if we have no regular paycheck for them to garnish? Also is my assumption wrong? Is there different penalty for those who can't this specific tax penalty?

 

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Do you have to get car insurance when you get you temporary permit at the age of 15.5. I am fifteen and I am getting my permit soon and i was wonderin if i had to get insurance. Just Wondering. Thanks Alot:>

 

 

What do i need to have insurance..!?answer please..!!?

so i know that if we do insurance,we will get amount for the thing when the insured thing is damaged..!! but what is the used of this??we have to pay premium every now and then and we will be get paid at the end?right??or will the insurance company provide any extra money other than the interest on our money?? and isn't it better to invest on some other thing and get profit and use when our things are damaged?? health insurance is ok,i accept that in urgent cases we cant bring back our invested money in a while ,so we do that,but what about vehicle insurance?why do we need that? and if to avoid paying tax,insurace is opted??and for that thing,i think there are other sources too? but whatever why people go for insurance..that what i wanted to know? and also..for example,if i have an insurance for my bike and its not met with an accident till now..and if i die and i have no family and relatives to claim..where will the policy go?? and if i do health insurance and if i die,i think the money will be given to my children or whoever i mentioned..!!..so i cant enjoy the money i earned..!! huhh....lot of questions..please take some time to answer..!! thanks in advance..:):)

 

 

My license suspended cause of insurance payment were can i get a very cheap car insurance?

please help

 

 

What's Toronto cheap auto insurance/Broker?

This city is pure Bull sh*t! I can't find a affordable insurance. If anyone have a good car insurance, please leave their name of contact #? Thanks

 

 

Whats the cheapest auto insurance in texas?

i need to get a 1 month auto insurance for my 94 mustang whats the cheapest i can get it for and also about how much would i have to pay to put it under my name

 

 

Canceling Geico car insurance?

I've had Geico insurance on my car for the past year and I've found a much better rate elsewhere and plan to switch. I'm in Virginia. How do I go about canceling with Geico? Do I have to wait until a certain time (end of 6mos, etc) or can I do it at any time? Is there a cancellation fee? Thanks!

 

 

Affordable, good quality health insurance for California residents?

I'm a college student, 19 years old (20 in March) and my mom is 58. We both need health insurance...what are some of your experiences with Kaiser, Blue Shield, Blue Cross, etc...? What would you recommend? Just looking or some input! Thanks<3

 

 

Automobile insurance sites?

Hey, I've been trying to find a website that gives out free automobile insurance quotes. I found a ton, but they all ask for personal information like telephone numbers and addresses. Are there any sites that will just give you what you're looking for: a fast insurance quote without having to give out all your personal info?

 

 

Does car insurance really drop at age 25??

I'm in IL, and my policy renewal is Aug 18th and my 25th birthday is Aug 12th. Can I expect a savings on this renewal from State Farm in IL. No accidents, claims, nothing in 8 years. Or is it a myth that car insurance drops at 25???

 

 

Need to find an insurance that will cover infertility treatments?

Please can anyone help me. I have AETNA as my insurance provider. But it will not cover any infertility treatments. I really want to have a baby. My clock is ticking 35 So I will appreciate any info. I can get. THANK YOU!

 

 

Liability insurance for an online vitamin store. Do I need it? And how can I get it?

Hi yahoo friends, I have a new website. I want to sell vitamin and supplements. One of a whole sellers asked me for copy of liability insurance. What is it? Do I need it since I sell their products, should the liability go to them? How can I get it? Please help me , if you know the answer. Thank you.

 

 

I need a good a affordable health insurance plan for a family of four?

In Massachusetts, I need an affordable health insurance plan ASAP

 

 

Getting my new car, Challenger 2009, any insurance rates?

How much would the APPROXIMATE insurance rate be on a 2009 Dodge Challenge R/T? I know it won't be low, but it won't be that high since it's an American car....correct? Her is the bad part...My record. 2 Accidents and a stop sign...But i will turn 18 soon if that matters. Car Info (another bad thing) 5.7 Liter V8 Hemi, 375 horses. How much is the Approximate insurance guys, just throw me an estimate.

 

 

What is the cheapest online car insurance for an 18 yr old male?

My stepson needs to get some online insurance today............dont have alot of time to research. What would you say is the cheapest car insurance available on line........monthly payments?

 

 

What insurance companies do cheap van insurance for young first time drivers?

I'm 18 and have a 1.3 Vauxhall combo

 

 

How much is car insurance for 16 year old boy in FL?

im 16 years old i have $2000 for a car and im looking for a job but i want to know how much car insurance is going to run and if you guys have any idea for a type of car

 

What happens if I can't pay the tax penalty for not having health insurance?

I'd love to have health insurance for my wife and three kids. But as it is now and has been for the last few years we can barely pay our bills and literally have to skip meals sometimes. I understand the penalty for not having health insurance for a family the penalty would be $2,085 or 2.5 percent of household income, whichever is greater. We also somehow make too much money for Government assistance in any form (not even food stamps!). I looked into insurance prices and they are quite a bit higher than the tax penalty. I'm assuming if I can't pay that extra tax penalty, it would be treated like any other debt to the IRS and they will garnish my wages. But what if we have no regular paycheck for them to garnish? Also is my assumption wrong? Is there different penalty for those who can't this specific tax penalty?

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