Solved
How much is taken out of my tax return if I don't have health insurance? I was under the impression it would be no more than $600.
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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
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