Submitted By: someone
Answered: September 26, 2018 10:02 pm

I don’t have health insurance this year. Will I be penalized?

The Tax Cuts and Jobs Act ended the individual mandate starting in 2019. So for 2018, you’ll be penalized unless you have minimum essential health coverage or qualify for an exemption from coverage. You can find a list of exemptions in the instructions to Form 8965 (https://www.irs.gov/pub/irs-pdf/i8965.pdf).

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Tax Glossary

Real estate investment trust (REIT)

An entity that invests primarily in real estate and mortgages and passes through income to investors.

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