Starting in 2019, the penalty imposed on people who don't have qualified health insurance will go away. This penalty is still in effect through 2018, however.
Keep in mind that states may decide to impose their own individual mandate penalties. And insurance costs may rise; the Congressional Budget Office (CBO) is projecting a 10 percent increase in health insurance premiums as a result of this tax change.
As always, feel free to pass this Tip along to friends, and reach out if you need help with your personal tax and finance situation.
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