Unfortunately, this is what you have to pay for not having healthcare coverage for you and your family for the whole year.
The Affordable Care Act, also called Obama Care, requires you and each member of your family have qualifying health care coverage, qualify for a coverage exemption, or make an individual shared responsibility payment when you file your federal income tax return. Qualifying health care coverage is also called minimum essential coverage.
Under the Tax Cuts and Jobs Act, taxpayers must continue to report coverage, qualify for an exemption, or pay the individual shared responsibility payment for tax years 2017 and 2018.
Unfortunately, this is what you have to pay for not having healthcare coverage for you and your family for the whole year.
The Affordable Care Act, also called Obama Care, requires you and each member of your family have qualifying health care coverage, qualify for a coverage exemption, or make an individual shared responsibility payment when you file your federal income tax return. Qualifying health care coverage is also called minimum essential coverage.
Under the Tax Cuts and Jobs Act, taxpayers must continue to report coverage, qualify for an exemption, or pay the individual shared responsibility payment for tax years 2017 and 2018.