

TAX REFORM AND THE ACA
The Tax Reconciliation Act Individuals Congress has now repealed the Affordable Care Act’s (ACA) individual shared responsibility penalty. The act does not particularly repeal the individual mandate as such, it zeros out the dollar amount and percentage of income penalties imposed by the mandate beginning in 2019. Individuals must continue to purchase minimal essential health coverage or pay the penalty for 2017 and 2018 tax filing years. The IRS has announced that it will