The change in law that eliminates the penalty (shared res...

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

posted

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

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