topic @neohxc Updates for what? in Get your taxes done using TurboTax

Is healthcare mandatory for 2018?

neohxc — Thu, 06 Jun 2019 10:34:50 GMT

Until Congress passes and the President signs a bill to t...

Howard1948 — Thu, 06 Jun 2019 10:34:52 GMT

Until Congress passes and the President signs a bill to the contrary, the answer would be Yes. The new tax bill that will supposedly be unveiled later today may do away with the mandatory coverage requirement, but we will have to wait to see whether it is in the final bill or not.

and whether it is signed into law.

SweetieJean — Thu, 06 Jun 2019 10:34:53 GMT

and whether it is signed into law.

Yes, it is required for 2018. Although it has not been s...

TaxGuyBill — Thu, 06 Jun 2019 10:34:55 GMT

Yes, it is required for 2018.

Although it has not been signed into Law yet, the bill that Congress has been agreed upon does waive the penalty for not having health insurance starting in 2019 (a year from now).

Oddly enough, the law would still technically require health insurance, but the penalty for not having not having it would be $0.

Is the penalty being reduced to $0 for 2018? Or not until...

canamera — Thu, 06 Jun 2019 10:34:56 GMT

Is the penalty being reduced to $0 for 2018? Or not until 2019?

Not until 2019.

TaxGuyBill — Thu, 06 Jun 2019 10:34:58 GMT

Not until 2019.

updates?

neohxc — Thu, 06 Jun 2019 10:34:59 GMT

updates?

@neohxc Updates for what?

TaxGuyBill — Thu, 06 Jun 2019 10:35:00 GMT

@neohxc Updates for what?

Whats the status on the mandate?

neohxc — Thu, 06 Jun 2019 10:35:01 GMT

Whats the status on the mandate?

The law that I referred to was passed. So even though th...

TaxGuyBill — Thu, 06 Jun 2019 10:35:03 GMT

The law that I referred to was passed. So even though the "mandate" has not been removed at all, the penalty applies for 2018 (taxes filed in 2019) but the penalty for 2019 (taxes filed in 2020) is $0.

I heard you dont have to answer the question on if you ha...

neohxc — Thu, 06 Jun 2019 10:35:05 GMT

I heard you dont have to answer the question on if you had health insurance for this year on your tax forms. That true?

No, that is not true. The IRS will not process your 2017...

TaxGuyBill — Thu, 06 Jun 2019 10:35:06 GMT

No, that is not true. The IRS will not process your 2017 tax return without information about your health insurance (or lack thereof).