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When is the penalty for not getting Obamacare being lifted?

I just read that a law passed last December will lift the fine from Americans who don't get health insurance. (It was mentioned in this news story: https://www.yahoo.com/finance/news/why-americans-r...

Does that mean that people who didn't get health insurance in 2017 won't be fined this year when they file their taxes, or that the fine will still apply for 2017 but not 2018?

13 Answers

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  • 3 years ago
    Favorite Answer

    Last I heard it was 2019. But things are shifting AGAIN.

    Here's the latest news story about it, from this month. http://money.cnn.com/2018/03/03/news/economy/obama...

  • Eva
    Lv 7
    3 years ago

    January 1, 2019. It is still in effect for the 2018 tax year.

  • 3 years ago

    It applies toy our 2017 taxes but will not apply to your 2018 taxes.

  • Anonymous
    3 years ago

    no

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  • 3 years ago

    It's for 2018.

  • Kini
    Lv 7
    3 years ago

    The individual mandate was repealed this year but it does not kick in until January. So you still need insurance when you file your tax return for 2017 this year.

  • 3 years ago

    I didn't get Obamacare and I did not penalized.

  • Anonymous
    3 years ago

    Because that penalty was the only way to get young people to participate in the ACA program. Without that, the program fails, which is what the Trump administration wants. It would be like not requiring all drivers to buy car insurance..insurance systems collapse when everyone does not participate. Thats what insurance is and what makes It work.

  • 3 years ago

    I can't say for sure but I do believe that was fine was lifted when the new tax laws were passed.

    Those who said that Obama Care isn't a Tax are just liars. If it isn't a tax why was the IRS the enforcement agency?

  • ?
    Lv 7
    3 years ago

    no idea

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