WHAT TAXPAYERS NEED TO KNOW ABOUT ACA PENALTIES

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WHAT TAXPAYERS NEED TO KNOW ABOUT ACA PENALTIES

Affordable Care Act Penalties

US residents who were uninsured last year and did not qualify for an exemption face a tax penalty of $325 per adult and $162.50 per child younger than 18, up to $975 per family, or 2% of modified adjusted gross income over a certain threshold, whichever is larger.

US residents who were uninsured last year and did not qualify for an exemption face a tax penalty of $325 per adult and $162.50 per child younger than 18, up to $975 per family, or 2% of modified adjusted gross income over a certain threshold, whichever is larger.

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