What is the federal status of the health insurance mandate penalty since 2019?

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Multiple Choice

What is the federal status of the health insurance mandate penalty since 2019?

The key idea is that the federal individual mandate penalty was effectively eliminated starting in 2019. The Tax Cuts and Jobs Act set the federal penalty to $0 for months after 2017, so there is no federal penalty for not having health insurance. At the same time, several states have enacted their own health‑coverage requirements with penalties. If you live in or work in one of those states, you may owe a state penalty on your state tax return for lacking coverage. Health‑care coverage information is still reported on tax forms (like the 1095 series) to document coverage for the taxpayer and support any state‑level penalties or to verify coverage for subsidies.

The key idea is that the federal individual mandate penalty was effectively eliminated starting in 2019. The Tax Cuts and Jobs Act set the federal penalty to $0 for months after 2017, so there is no federal penalty for not having health insurance.

At the same time, several states have enacted their own health‑coverage requirements with penalties. If you live in or work in one of those states, you may owe a state penalty on your state tax return for lacking coverage.

Health‑care coverage information is still reported on tax forms (like the 1095 series) to document coverage for the taxpayer and support any state‑level penalties or to verify coverage for subsidies.

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