topic TurboTax analysis is telling me that I will have to pay a bigger tax penalty for not having health insurance next year? Is this true, or is TurboTax out of date? in Get your taxes done using TurboTax

TurboTax analysis is telling me that I will have to pay a bigger tax penalty for not having health insurance next year? Is this true, or is TurboTax out of date?

agdsouza — Tue, 04 Jun 2019 20:45:41 GMT

No, the tax reform law repealed the individual penalty fo...

MaryK1 — Tue, 04 Jun 2019 20:45:44 GMT

No, the tax reform law repealed the individual penalty for not having health insurance, but that provision doesn't take effect until 2019. So, for 2018, you may be charged the greater of $695 or 2.5 percent of your household income.

sorry I guess I misunderstood the law. Thanks

agdsouza — Tue, 04 Jun 2019 20:45:45 GMT

sorry I guess I misunderstood the law. Thanks

I did too, I was so hopeful it would be gone!

MaryK1 — Tue, 04 Jun 2019 20:45:47 GMT

I did too, I was so hopeful it would be gone!