How Much Is the Obamacare Tax Penalty?
A key feature of Obamacare is that all Americans (unless they qualify for a specific exemption) must buy health insurance. The goals of this policy are to get more people covered and to make sure the costs are spread across all of society.
When you file your federal tax return, you'll have to report whether or not you had health insurance during the previous year. (For tax year 2017, the deadline was January 31, 2017. For 2018, the deadline for most people will be December 15, 2017.) If you didn't, and you don't qualify for an exemption, you'll have to pay a penalty.