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we have what you need to know. good morning, ladies. happy new year to you both. leave it to the federal government to add everyone s holiday hangover. there are big tax code changes you need to know about for 2016. first tax day is april 18th because of emancipation day that s a holiday that falls on april 15th this year. you have an extra weekend. obamacare penalties are going up again. if you don t have qualifying healthcare coverage in 2015 you are going to owe more in 2016. the fine for adults $285. that goes up to 695 if you wait another year. tax brackets they are rising which means if you see an increase in your pay that beats inflation you might get bumped up. contribution limits on health savings accounts are going up to a new limit 3,350 for individuals. the alternative minimum tax exemption are going higher to

Tax dayTax codeAdd everyones holiday hangoverApril 18thEmancipation dayHealthcare coverageApril 15thTax bracketsAlternative minimum tax exemptionContribution limitsHealth savings accounts