The Massachusetts Department of Revenue has released TIR 18-2, which contains the penalty schedule for individuals who fail to obtain health insurance in 2018, as mandated by Massachusetts law. Individuals who are able to afford health insurance coverage, but fail to obtain it, will be subject to penalties for each month of noncompliance. Penalties will be imposed on each noncompliant individual’s income tax return. The Massachusetts mandate, reporting obligations, and penalties are still in effect notwithstanding the repeal of the federal individual mandate in last year’s tax reform bill.
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