How Much is the Obama Care (Affordable Care Act or ACA) Individual Shared Responsibility Payment?

How Much Is the Obamacare Tax Penalty?

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Obamacare > How Much Is the Obamacare Tax Penalty?

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 2015, the enrollment deadline for most people was February 15, 2015. For 2016, it's January 31, 2016.) If you didn't, and you don't qualify for an exemption, you'll have to pay a penalty.