The IRS Is Still Enforcing The Individual Mandate, Despite What Many Taxpayers Believe

The IRS Is Still Enforcing The Individual Mandate, Despite What Many Taxpayers Believe

The IRS Is Still Enforcing The Individual Mandate, Despite What Many Taxpayers Believe

August 21, 2017

Taxpayers who do not have minimum essential coverage (through an employer, a government program, or individual insurance) or qualify for an exemption must pay an individual responsibility tax. The tax is calculated on a monthly basis and is the greater of either a fixed dollar amount or 2.5 percent of household income above the tax filing limit, up to the the national average premium for a bronze (60 percent actuarial value) health plan.