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.
By the close of the last open enrollment, roughly 11.7 million Americans had purchased or renewed their coverage through the federal HealthCare.gov marketplace or one of the state-based health exchanges. Without a qualified plan this year, you could face a tax penalty amounting to the larger of these two options: 1  $325 for individuals, $975 per family.  2% of your income above the threshold that triggers taxes ($10,150 for individuals).