r/personalfinance Wiki Contributor Jan 31 '15

Reminder: Khan Academy still has basic explanations on taxes in the U.S. This should help you with understanding tax brackets, deductions, and other related information. Taxes

Basically a repost from last year, but I felt the need to remind people that this resource exists. There are some simple explanations of tax law in the U.S. over at Khan Academy. Here are a couple links:

And since retirement accounts tie into deductions:

Let me know if there's anything related I should add to this list. Happy filing!

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u/[deleted] Jan 31 '15

If I dropped insurance Sept 26 am I screwed on the fine?

9

u/[deleted] Jan 31 '15

IRS employee here:

If I dropped insurance Sept 26 am I screwed on the fine?

Probably yes. Five more days might have made the difference.

Have a look at the tax year 2014 Interactive Tax Assistant for "Am I required to make a Shared Responsibility Payment (SRP)?".

Thank you for reading.

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u/Indenturedsavant Jan 31 '15

Let me preface with saying that I'm not being sarcastic, because people that don't deal with you guys on at least a semi-regular basis will think I am. You guys have some of the best customer service I have ever dealt with. Thank you for your hard work, I wish you were all appreciated more.