Which of the following statements about tax penalties is correct?

The statement regarding tax penalties that points out they are no longer enforced federally is accurate due to changes implemented by the Tax Cuts and Jobs Act of 2017. This legislation effectively eliminated the individual mandate penalty that was previously enforced under the Affordable Care Act (ACA). As a result, individuals are not penalized at the federal level for not having health insurance.

This shift means that while states might have their own regulations regarding health coverage, the federal government no longer imposes penalties on individuals for failing to enroll in health insurance.

Other statements suggest that penalties can apply to specific demographics or are based solely on certain conditions that do not reflect the current federal rules concerning tax penalties.