Technical Information Release 13-9
Each year the Department of Revenue issues an updated penalty schedule for individuals who fail to comply with the requirements under the Massachusetts Health Care Reform Act. DOR has announced this year’s penalty schedule applicable only to adults who are deemed able to afford health insurance in the state of Massachusetts.
In comparison to 2012, the 2013 penalties increased by only one dollar per month in each individual income category. These categories are determined by comparing individual incomes to the Federal Poverty Level. Individuals with incomes up to 150% of the Federal Poverty Level are not subject to any penalty for non-compliance. Penalties for 2013 indicate a $20 monthly penalty for the income category earning within 150.1-200% of the Federal Poverty Level, $39 a month for the income category earning within 200.1-250% of the Federal Poverty Level, $59 a month for the income category earning within 250.1-300% of the Federal Poverty Level, $84 a month for individuals age 18-26 earning above 300% of the Federal Poverty Level and $106 a month for individuals age 27 and older earning above 300% Federal Poverty Level.
To review the 2013 penalty schedule or to determine applicable Federal Poverty Level using standards for the year 2013, please visit http://www.mass.gov/dor/businesses/help-and-resources/legal-library/tirs/tirs-by-years/2013-releases/tir-13-9.html
Courage at Work posted on Sep 1
“I was amazed that Mark and so many senior staffers took time out of their busy and hectic schedules to be supportive of me and the ALS cause,” she said. “It proves that no matter how challenging work is, there’s always time to show a little love.”
VIDEO: Introducing MassTaxConnect! posted on Aug 24
Take a look at our newest video introducing you to MassTaxConnect, our new, modernized online tax system. Hear from Commissioner Mark Nunnelly and several DOR employees about what to expect come November 30th when we launch MassTaxConnect for business taxpayers, practitioners, and professionals. Get an …Continue Reading VIDEO: Introducing MassTaxConnect!
What’s New with MassTaxConnect? posted on Aug 13
MassTaxConnect for Massachusetts Business Taxpayers Available November 30, 2015! Things are about to get easier and faster for Massachusetts business taxpayers. MassTaxConnect will replace WebFile for Business later this year and will feature the best of what WFB offers plus state-of-the-art enhancements to make tax …Continue Reading What’s New with MassTaxConnect?