I have heard the individual mandate was repealed, am I still required to have health insurance? Is there still a tax penalty?

Yes, the individual health mandate, or the shared responsibility payment, through the Affordable Care Act was repealed, and the payment no longer applies, putting the tax penalty at $0 for those individuals who …

Yes, the individual health mandate, or the shared responsibility payment, through the Affordable Care Act was repealed, and the payment no longer applies, putting the tax penalty at $0 for those individuals who do not have health insurance. There is no longer a tax penalty for those people who do not have health insurance. This means you will not be charged when you file your state taxes and you will not owe a fee on your federal tax return.

Posted in: Individuals