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Get your taxes done using TurboTax
This is how the penalty is computed, they use one of two ways, whichever is higher:
Percentage of income
- 2.5% of household income
- Maximum: Total yearly premium for the national average price of a Bronze plan sold through the Marketplace
- $695 per adult
- $347.50 per child under 18
-
Maximum: $2,085
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
May 31, 2019
8:04 PM