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Health Care Changes Aren't Official Yet, So File Your 2016 Taxes as Normaltaxes

Health Care Changes Aren't Official Yet, So File Your 2016 Taxes as Normal

Kristin Wong , Gawker Media
Photo by Ruslan Burlaka

 

Earlier this month, Republican leaders proposed The American Health Care Act , their plan to repeal and replace Obamacare. Some taxpayers might be a little confused over changes to the individual mandate. Keep in mind, nothing has actually changed yet, so go ahead and file your 2016 taxes as usual.

Earlier this year, Trump also issued an executive order that gave federal agencies, like the IRS, authority to roll back elements of the Affordable Care Act . Forbes reported that as a result, the IRS seemed to be easing off the ACA's individual mandate. This mandate requires taxpayers to either sign up for health insurance or pay a tax penalty. After Trump's order, the IRS issued a statement suggesting that they might still process tax returns even if taxpayers leave off this individual coverage info. This all makes for a pretty confusing tax time. Forbes puts it like this :

The result? A lot of taxpayer confusion. It may even explain why tax season is off to a slow start : millions of taxpayers who filed by this time last year haven't filed in 2017. Taxpayers aren't sure what to do. But here's what you need to know: Nothing has changed. Nope, nothing. Zilch. Nada.

As the IRS explicitly points out, "legislative provisions of the ACA law are still in force until changed by the Congress." In other words, do your taxes as normal, because nothing is official yet. For more detail, though, you can read the IRS statement on the matter at the link below.

Individual Shared Responsibility Provision | IRS.gov

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