Plain Language of Change:
- The penalty for failing to maintain health insurance is eliminated for months beginning after December 31, 2018
- The penalty still applies to the 2018 tax year
- No other provisions of the Affordable Care Act are affected
- Premium Tax Credit is still applicable
Cordasco & Company PC is a boutique CPA firm specializing in federal and state tax issues. We provide customized tax and accounting services specifically designed to help our clients capitalize on the rapidly changing tax and accounting environments.