Caprice is a single 42-year-old with income of $14,000 in 2019. She lacked minimum essential coverage for 7 months in 2019. What is her individual shared responsibility payment amount?

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Quizplus · Accepted Answer

For the tax year 2019, the individual shared responsibility payment, often referred to as the individual mandate penalty of the Affordable Care Act, was effectively reduced to $0 by the Tax Cuts and Jobs Act of 2017 for months beginning after December 31, 2018. Therefore, Caprice would not owe any penalty for lacking minimum essential coverage.

Caprice Is a Single 42-Year-Old with Income of $14,000 in 2019