On December 20, 2017, Congress passed the Tax Cuts and Jobs Act. This Act made significant changes to individual and corporate U.S. tax code provisions. The bill includes permanent repeal of the Affordable Care Act (ACA) individual mandate, requiring individuals to purchase and maintain health coverage and zeros out the penalty beginning in 2019. The
In 2014, the Affordable Care Act (ACA) began the Individual Mandate in which all individuals are required to obtain minimum essential health insurance coverage for themselves and their family members or pay a penalty. The penalty amount is calculated and paid when an individual files his or her federal income tax return for the year.