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
Prep Early for Next Tax Season posted on May 20
Filing season is finally over and we know the last thing on your mind is next tax season. But did you know that if given more prep time, you could be saving yourself lots of stress and time? Start planning for next tax season now …Continue Reading Prep Early for Next Tax Season
DOR’s Participation in the Family Court Workshops posted on Apr 22
Once a month, the Department of Revenue’s Child Support Enforcement (CSE) lawyers and staff volunteer to be a part of the Family Court Workshops for Mothers and Fathers at the Suffolk County Probate & Family Court in Boston. The workshops, a joint venture between community …Continue Reading DOR’s Participation in the Family Court Workshops
DOR Ruling Favorable in First Circuit Judgment posted on Mar 17
The United States Court of Appeals for the First Circuit issued judgments in the Department of Revenue’s (DOR) favor last month, finding that taxpayers in Bankruptcy proceedings cannot discharge late filed tax returns. The court consolidated two similar cases brought before them involving a total …Continue Reading DOR Ruling Favorable in First Circuit Judgment