No penalty for lack of health care coverage during tax season

National
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(WJET) — Believe it or not, tax season is already upon us for the year 2019.

Tax experts want to let you know there is no longer a penalty for lack of health insurance coverage.

In years past, those who chose to forego health insurance would receive a tax penalty as part of the individual mandate in the Affordable Care Act.

“For instance, if you were a single person, last year the penalty was $6.95. That has been eliminated, so if you don’t have the proper health coverage you will not be penalized the $6.95,” said Jason Williams, Liberty Tax Service.

The 1095 C form has been eliminated altogether. Williams also says the only other noteworthy change is an increase in the standard deduction.

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