People hate paying taxes, but millions of people may end up willingly forking over new Obamacare taxes this year that they easily could avoid paying.
Intuit, the company that sells the popular tax preparation software TurboTax, has said it estimates that 20 million or more of the 40 million people who lacked insurance in 2014 may be exempt from the Obamacare tax penalty for failing to have health insurance.
But the many of those potentially exempt people might not bother to seek such a waiver by citing one of about 30 conditions, according to Intuit.
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"More than 19 out of 20 people who could have the penalty have not applied for an exemption, which means many people may pay more in taxes than they should," the company said Thursday.
The Affordable Care Act, beginning in 2014, required nearly all Americans to have some form of health coverage for most of the year or pay a tax penalty. That coverage can come from job-based insurance, individual health plans purchased both on and off government-run Obamacare exchanges, Medicare and Medicaid.