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Health and Medical Tax Topics

Tax Reform and Healthcare

Thanks to tax reform, starting in 2019, the federal penalty for not having health insurance will be $0.

Before tax reform was passed, if you did not have health insurance coverage or qualify for an exemption, you were required to pay a penalty on your tax return. In 2016, as many as 4 million taxpayers paid the penalty. 

Some states are assessing the penalty on taxpayers without health insurance so check with your state on their requirements.

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