Medical Tuesday Blog

The IRS Bounce

May 22

Written by: Del Meyer
05/22/2017 6:03 AM 

Many Americans call the IRS to verify if a cost is deductible. The IRS hung up on 8 million citizens this tax season. Did this prevent many citizens from making a legitimate deduction to reduce their taxes and IRS found a new revenue source? Or did many citizens then take the deduction anyway and gamble on a reduction of their taxes hoping not to be audited?

            What a crap shoot for our federal budget!

            The MediCal Bounce

In California, you quality for MediCal if you make up to 138% of the Federal Poverty Level or about $16,200 for an individual. If you make between 138% and 400% of the FPL, you qualify for Covered California, a subsidized health insurance plan from Obama’s Health Insurance Exchange. California has about 12 million in MediCal and 14 million in Covered California. One recurring complaint is “Falling Off of MediCal” and having to start all over again.

            But many are finding that they can’t bounce high enough to regain entry.

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