TurboTax HelpTurboTax HelpIntuit

How much is the Affordable Care Act penalty?

SOLVEDby TurboTax450Updated December 27, 2021

The 2017 Tax Cuts and Jobs Act (a.k.a. tax reform) eliminated the Affordable Care Act penalty starting in tax year 2019. However, you may need to take the penalty into account if you're amending your 2018 taxes.

The penalty for not having health insurance (a.k.a. Shared Responsibility Payment) only applies to the months you didn't have health insurance.

For 2018, the penalty is either 2.5% of your taxable household income (up to the national average annual premium for a Marketplace Bronze plan) or $695/$347.50 per uninsured adult/child under 18 (up to a maximum of $2,085), whichever is greater.

If you tell us you didn't have health insurance coverage or only had it for part of 2018, we'll create Form 8965, calculate the penalty and also check to see if you qualify for a health coverage exemption.

Was this helpful?

You must sign in to vote, reply, or post
TurboTax Desktop BasicTurboTax Desktop BusinessTurboTax Desktop DeluxeTurboTax Desktop Home and BusinessTurboTax Desktop PremierTurboTax Live BasicTurboTax Live DeluxeTurboTax Live Full Service BasicTurboTax Live Full Service Complex IncomeTurboTax Live Full Service Complex Self-EmployedTurboTax Live Full Service DeluxeTurboTax Live Full Service PremierTurboTax Live Full Service Self-employedTurboTax Live PremierTurboTax Live Self-employedTurboTax Mobile Apps DeluxeTurboTax Mobile Apps FreeTurboTax Mobile Apps PremierTurboTax Mobile Apps Self-employedTurboTax Online DeluxeTurboTax Online FreeTurboTax Online PremierTurboTax Online Self-employed
Dynamic AdsDynamic Ads