Oh no! We may not fully support the browser or device software you are using !

To experience our site in the best way possible, please update your browser or device software, or move over to another browser.

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.

ASK A TAX PRO

Yes, the additional standard deduction amount for the aged or the blind is $1,400. The additional standard deduction increases to $1,750 for unmarried taxpayers. The standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed $1,150, or the sum of $400 and the individual’s earned income.

Because trust, guarantees, convenience & money all matter

TRUSTED GUARANTEES.

Be 100% certain about your money & your taxes, year after year.
NATIONAL PRESENCE. LOCAL HEART.

We’re in your neighborhood & inside your favorite Walmart store.
40+ YEARS. 60+ MILLION RETURNS.

The kind of trusted expertise that comes with a lifetime of experience.