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Individual Mandate under the Affordable Care Act – UPDATE

Under the affordable care act (ACA), U.S. citizens are required to maintain basic health coverage for yourself or any of your dependents. If you do not have this minimum essential coverage there are certain exemptions allowed or you are subject to a penalty known as a shared responsibility payment. The requirement to maintain coverage or pay a penalty is known as the "individual mandate". The individual mandate was repealed starting in 2019, therefore 2018 is the last year taxpayers will be subject to these rules.

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