Good news! PHP 7.1 is being actively supported through 20 Sep 2024. After that point, it's advisable to upgrade to the latest version, since the PHP team will only offer security-related support until 20 Sep 2024, at which point PHP 7.1 will be considered "end-of-life".
php -v
PHP 7.1.x (cli) (built: ...)
<?php phpinfo(); ?>