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.
However, the average penalty for the 2014 tax year is expected to be higher â $301, according to Sacha Adam, health care team leader at Intuit, maker of TurboTax. Under the law, those fines will go up for people who remain uninsured in 2015, to about $590 on average.