Frequently-asked questions by tag

Obamacare penalty

Although there is no longer a federal tax penalty for being uninsured, some states have created their own penalties with enforcement mechanisms that largely mirror the federal rules that applied through 2018.

Is it true that the government can’t really enforce the penalty for not having health insurance?

September 12, 2019 – Although there is no longer a federal tax penalty for being uninsured, some states have created their own penalties with enforcement… Read more

Is the Obamacare individual mandate just based on the honor system?

Is the Obamacare individual mandate just based on the honor system?

January 19, 2019 – Q. Is the Obamacare individual mandate just based on the honor system? A: In some ways, yes. But although the individual mandate penalty… Read more

A tax form highlighting line 61

Will the IRS still enforce the individual mandate penalty for 2018 tax returns?

January 17, 2019 – The individual mandate and its associated penalty are applicable to 2018 tax returns, as the repeal of the mandate penalty didn't take… Read more

Will the IRS apply my payment to my penalty or to my income tax?

If I owe income tax and the ACA penalty but don’t plan to pay the ACA penalty, will the IRS apply my payment to my penalty or to my income tax?

January 12, 2018 – Q. If I owe income tax and the ACA penalty but don’t plan to pay the ACA penalty, will the IRS apply my payment to my penalty or to my… Read more

I can’t enroll in my employer-sponsored plan until July. Do I have to pay a penalty for the first half of the year?

I can’t enroll in my employer-sponsored plan until July. Do I have to pay a penalty for the first half of the year?

January 10, 2018 – Q. I've been uninsured for the last few years. My company offers health insurance, but I didn't enroll during the open enrollment period… Read more

Will every business with more than 50 employees pay a penalty if they don’t offer ‘affordable, comprehensive’ insurance?

Does every business with 50 or more employees pay a penalty if it doesn’t offer ‘affordable, comprehensive’ insurance?

January 9, 2018 – Q. Does every business with more than 50 employees pay a penalty if they don’t offer "affordable, comprehensive" insurance? A.… Read more

Is there a minimum age for Obamacare's individual mandate?

Is there a minimum age for Obamacare’s individual mandate?

August 8, 2016 – Q. Is there a minimum age for the ACA's individual mandate? And who is responsible for paying the penalty if a child or young adult… Read more

If I pay the tax for not purchasing health insurance, does that buy me an insurance policy?

If I pay the tax for not purchasing health insurance, does that buy me an insurance policy?

March 3, 2016 – Q: If I pay the tax for not purchasing health insurance, does that buy me an insurance policy? A: No. You’re not buying insurance;… Read more

When I file my taxes, my preparer asks me if I have health insurance. How is that any of their business?

When I file my taxes, my preparer asks me if I have health insurance. How is that any of their business?

February 1, 2016 – Q. When I file my taxes, my preparer asks me if I have health insurance. How is that any of their business? A. Telling the government… Read more

If I say ‘No!’ to Obamacare and buy my coverage outside of the exchanges, will I have to pay a penalty if the benefits don’t meet Obamacare’s standards?

If I say ‘No!’ to Obamacare and buy my coverage outside of the exchanges, will I have to pay a penalty if the benefits don’t meet Obamacare’s standards?

April 16, 2015 – Q. If I decide that I’m going to say "No!" to Obamacare, and buy my coverage in the non-exchange market – will I have to pay a penalty… Read more