Higher 457(b) Contribution Limits for 2006 Under the 457(b) plan contribution limits for 2006, you could save as much as $30,000 toward retirement, on a pretax basis, this year alone. The simple worksheets in this booklet will show you how large a 457(b) plan contribution you can make.his guide will show you.Youâll learn about: â  The 457(b) savings opportunities for 2006â  Determining your 457(b) plan contribution limitâ  Taking the steps that are right for you Plan to make the most of your retirement savings in 2006.
Calculating the Obamacare Tax Penalty. For 2015, the penalty for going without health insurance is $325 per adult plus $162.50 per child (up to a maximum of $975 per family) or 2% of annual household income, whichever is greater. You'll make this payment when you file your taxes in April 2016.
A , Nursing, answered. According to the Affordable Care Act starting in 2014, with certain exemptions, every person in America will be required to have health insurance coverage or face a penalty. The penalty will be $95 in 2014, $325 in 2015, and $695 or up to 2.5 percent of your income in 2016 and beyond. The primary exemptions are: If your income is below the poverty level, you will not be penalized for not having insurance. If insurance would cost you more than 8% of your income, you will not be penalized for not having insurance. If you are eligible for other hardship exemptions that may be established by the Secretary of Health and Human Services, you will not be penalized for not having insurance.