TAX INFO
TAX INFO
(August 2019) Effective January 1st, 2020 California residents will be required to have health insurance. This is similar to the plan already in place, nationally known as the Affordable Care Act, put into place by President Obama. What this means is that even if President Trump succeeds in removing the ACA requirement nationally, California residents will still be required to maintain Minimum Essential Coverage. When you file your tax return in 2021 for 2020, you will need to provide proof of health insurance (currently by means of a 1095-A, 1095-B or 1095-C) or face a penalty on your tax return (currently $695 per person for the whole year). If you do not have health insurance provided by your employer, or have private insurance, you should sign up through Covered CA, the official website for state-provided health insurance.
Read the full article on California's FTB website