If you went for more than 3 months without health insurance in 2016, you will be assessed a penalty when you file your 2016 income taxes. Here are the penalty amounts for not having coverage in 2015, 2016, and 2017. You can estimate your possible penalty by using the Estimator tool found at this link: https://taxpayeradvocate.irs.gov/estimator/isrp/index.htm. 2015 2016 and 2017 $325 per adult $162.50 per child Family Maximum of $975
What are the Penalties for Not Having Health Insurance in 2015?
If you did not have health insurance in 2014, be prepared to pay a penalty when you file your 2014 income taxes next April. If the penalty for not being covered in 2014 did not seem too high, brace yourself for the dollar amount to rise next year, and the year after. Here are the penalty amounts for 2014, 2015, and 2016: 2014 2015 2016 $95 per adult $47.50 per