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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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2 Replies
DDollar
Expert Alumni

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.

WillK
Intuit Alumni

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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