Do I not have to report my health insurance for 2016? The executive order repealed ACA, the House of Reps voted to replace it, and the IRS is accepting tax returns without health insurance status.
The Executive Order and the House of Representatives’ vote have not repealed the Affordable Care Act. The recent executive order directed federal agencies to exercise authority and discretion available to them to reduce potential burden. Consistent with that, the IRS has decided to make changes that would continue to allow electronic and paper returns to be accepted for processing in instances where a taxpayer doesn’t indicate their coverage status.
In compliance with the IRS, since March 2, TurboTax customers have been able to e-file or paper file their return without indicating if they had health care coverage last year. However, the executive order and the House of Representatives’ vote does not change the current ACA rules that are in place and taxpayers remain required to follow the current ACA law and may receive follow-up questions and correspondence from the IRS if they file a return that doesn’t indicate their health coverage status.