Use our Obamacare Fine Calculator to figure out your 2015 ACA penalty. Your 2015 fine may be higher than 2014 because the Shared Responsibility Payment, under the individual mandate of the Affordable Care Act, allows for yearly increases.
To calculate the penalty, if any, all you need is your 2015 income. Any IRS fine becomes payable when you file your 2016 return.
You should also check to see if you will qualify for an exemption, to avoid incurring an Obamacare fine, if you were uninsured during calendar year 2015.
Above is the combined Obamacare fine for everyone included on your tax return
Please Note the Following:
1. If some individuals on your return were without health insurance for different time frames during 2015, you will likely need to calculate those fine amounts individually.
2. If you had a dependent child that turned 18 years old sometime in 2015, the Obamacare penalty attributed to them will likely need to be calculated separately.