Does health care reform still impact my taxes?

Does health care reform still impact my taxes?

Changes to health care as a result of the new tax law do not begin until 2019. Beginning in 2019 taxpayers will no longer be required to pay a tax penalty for not having health insurance. Individuals with income over the federal poverty level are still required to have 2018 health care coverage or they may be subject to a tax penalty when they file their 2018 taxes. All of the exemptions (based on income, religious beliefs, and citizenship) are still in place.

Get Tax Advice From The Expert!