Regulatory Resources

Individual Mandate Update

As a result of reviewing the Jan. 20, 2017, executive order from President Trump, the Internal Revenue Service is no longer rejecting individual taxpayers’ tax returns that do not indicate, or are “silent,” on whether they complied with the Affordable Care Act’s individual mandate, according to the IRS website.

The individual mandate requires Americans to carry health insurance, qualify for an exemption or pay a penalty. Federal regulations required them to indicate on their tax returns whether they have health coverage. However, the executive order directed federal agencies to exercise authority and discretion to reduce potential burdens to taxpayers.