Last Minute Tips for Filing Your Taxes

Tax day is April 18 this year because of an Emancipation Day, a holiday in Washington, D.C.
1:25 | 04/11/16

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Transcript for Last Minute Tips for Filing Your Taxes
Most confusing thing about taxes. Especially for those procrastinators. Tech stay is and they April 18. Under federal lot tax day gets pushed back if there's a conflict with a federal holiday and this year. Emancipation day Americans an extra weekend to crunch those numbers and if you to state that celebrates. Its day. That deadline moves back and additional date to April 90. The fact the penalty for not having qualifying health care coverage goes up. And goes up day for people who didn't have coverage this year they're going to see their penalties roughly doubled what they were last year. And unity affordable care racked taxpayers will see a couple of new forms. And in issued document attend 95 B or 1095 seat the reports medical coverage simply check your tax return that you had health care. You don't need to send the forms it for you received an advance premium tax credit. This was government help to pay for coverage through a health exchange it's a little more complicated. You'll have to reconcile that credit when you file. And you must buy. They need to file. Or they jeopardize the credit in the future also new this year tax brackets have risen slightly and the personal exemption that all taxpayers are entitled take. Goes up if he box. Rebecca Jarvis ABC news New York.

This transcript has been automatically generated and may not be 100% accurate.

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