2019 Health Insurance - No Penalty When you file your 2019 taxes, you will discover that there is no penalty for not having health insurance. The state of California will begin imposing a penalty for the year 2020. This means that there will be no need to turn in your 1095 forms to your tax professional. You can read more about California's planned penalty for the year 2020 here: https://www.coveredca.com/individuals-and-families/getting-covered/penalty-and-exemptions/. You can also read about no federal penalty for the federal filing here: https://www.healthcare.gov/fees/fee-for-not-being-covered/ 2015 Filing Year Statistics In 2015, 128 million returns were e-filed, that represents 91% of all the filed returns. Of the 128 million, 78 million were e-filed by a tax professional. This is an indication that many individuals are still seeking professional guidance. Becoming a Savvy Taxpayer Click on the following important articles and stay informed: |