21
The Top 10 Tax Questions
The questions answered in this chapter have universal appeal, have been asked numerous times at my seminars, or are very interesting. I hope you enjoy reading them as much as I’ve enjoyed answering them.
Question Number 10
“I have heard that the penalties for not having medical insurance or for not having “minimum essential coverage has been repealed. Do I need to pay any penalty if I didn’t have insurance?”
Sandy’s Answer: Due to the 2017 Tax Cuts and Jobs Act (TCJA), there is no longer a penalty for being without minimum essential health insurance coverage.
Question Number 9
“I have been told that I can deduct up ...
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