Tax changes ahead for 2016

NC_taxchanges0122_700x394(NBC News) Filing your taxes this year will be different than years past.

You’re going to have four extra days to file this year. The deadline’s been moved to April 18th.

The 1095 forms which you’ll have to file describing where you purchased your health insurance are also changing.

The penalty for not having health insurance goes up considerably, to $325 or two percent of taxable income, whichever is greater.

Also going up is the number of taxpayers who file electronically, which means those due a refund will get them quicker.

Read more:

© 2024 KOBI-TV NBC5. All rights reserved unless otherwise stated.

Skip to content