I filled out my taxes online and it shows a $695.00 Obamacare penalty... didn't President Trump's Admin waive this?
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New Member

I filled out my taxes online and it shows a $695.00 Obamacare penalty... didn't President Trump's Admin waive this?

 
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New Member

I filled out my taxes online and it shows a $695.00 Obamacare penalty... didn't President Trump's Admin waive this?

The change in law that eliminates the penalty (shared responsibility payment) does not take effect until the 2019 tax year.

Level 9

I filled out my taxes online and it shows a $695.00 Obamacare penalty... didn't President Trump's Admin waive this?

Yes, the new law did abolish the Affordable Care Act penalty, but that is to start 1/1/2019 so the penalty still is in effect for 2018. 

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