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On June 28, 2012, the Supreme Court of the United States upheld the health insurance mandate as a valid tax within Congress's taxing power in the case National Federation of Independent Business v. Sebelius. The federal tax penalty for violating the mandate was zeroed out by the Tax Cuts and Jobs Act of 2017, starting in 2019.
Under the individual mandate provision (sometimes called a "shared responsibility requirement" or "mandatory minimum coverage requirement" [3]), individuals who are not covered by an acceptable health insurance policy will be charged an annual tax penalty of $95, or up to 1% of income over the filing minimum, [4] whichever is greater; this will ...
Moreover, adhering to prior precedent, the Court reasoned the tax imposed by the individual mandate penalty is not a direct tax (i.e., it is not a capitation or poll tax, nor a tax on real estate) and consequently does not require apportionment: [40] "[a] tax on going without health insurance does not fall within any recognized category of ...
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If you qualify for a subsidy, then you can only deduct the after-subsidy amount that you pay for your health insurance from your taxes. In some cases, your spouse’s health insurance premiums. To ...
Medical insurance premiums beyond the portion your employer pays and that you pay with after-tax income Long-term care and long-term care insurance premiums, up to certain limits Inpatient alcohol ...