Be aware of tax changes

Posted at 6:29 AM, Jan 25, 2016
and last updated 2016-01-25 17:59:24-05

(NBC News) Filing your taxes this year will be different than past years.

You're going to have four extra days to file this year. The deadline's been moved to April 18th.

The 1095 forms which you'll have to file describing where you purchased your health insurance are also changing.

The penalty for not having health insurance goes up considerably, to $325 or two percent of taxable income, whichever is greater.

Also going up is the number of taxpayers who file electronically, which means those due a refund will get them quicker.

Another reason to file quickly is to protect yourself from identity theft. The IRS says cyber-crooks are as busy as ever at stealing Social Security numbers.

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