$24.95 
Learn more
Submitted By: someone
Answered: September 26, 2018 10:02 pm
Answered: September 26, 2018 10:02 pm
I don’t have health insurance this year. Will I be penalized?
The Tax Cuts and Jobs Act ended the individual mandate starting in 2019. So for 2018, you’ll be penalized unless you have minimum essential health coverage or qualify for an exemption from coverage. You can find a list of exemptions in the instructions to Form 8965 (https://www.irs.gov/pub/irs-pdf/i8965.pdf).
advertisement
Featured Books
Tax Glossary
Deferred compensation
A portion of earnings withheld by an employer or put into a retirement plan for distribution to the employee at a later date. If certain legal requirements are met, the deferred amount is not taxable until actually paid, for example, after retirement.
