Even If You Expect Obamacare To Be Repealed, Don’t Skip Paying Tax Penalty Now

If you owe a tax penalty for not having health coverage in 2016, don’t expect an eventual Obamacare appeal to bail you out.

Tim Teebken/Getty Images


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Tim Teebken/Getty Images

If you owe a tax penalty for not having health coverage in 2016, don’t expect an eventual Obamacare appeal to bail you out.

Tim Teebken/Getty Images

As Republicans move to overhaul the health law, should people bother paying the penalty for not having health insurance when they file their taxes this year? Or will they be able to sign up on the exchange for 2018 after their COBRA benefits end?

Here are some answers to recent questions from readers.

I didn’t have health insurance for part of last year and thought I’d get stuck paying a penalty. Now the new administration is talking about not enforcing the insurance requirement. Could I really be off the hook at tax time?

As long as the so-called individual mandate — which requires most people to have health coverage or face a tax penalty — is the law of the land, you should

Article source: http://www.npr.org/sections/health-shots/2017/02/08/513755719/even-if-you-expect-obamacare-to-be-repealed-dont-skip-paying-tax-penalty-now?utm_medium=RSS&utm_campaign=affordablecareact

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