Use the Obamacare Fine Calculator below to figure out if you owe a fine, fee, penalty or tax which is officially called the Shared Responsibility Payment under the Individual Mandate of the Affordable Care Act.
Calculate the Obamacare penalty, if any, for you and your family right here. It will help you to accurately prepare (or cross-check) your 2014 taxes.
March 31st of 2014 was the last day to obtain government approved health insurance under the new law. Otherwise, an exemption is needed to avoid incurring a penalty. If you are wondering, “How much is my Obamacare fine?” then you’ve come to the right place!
Above is the combined 2014 Obamacare fine for everyone included on your tax return.
Please Note the Following:
1. If some individuals on your return are without health insurance for different time-frames during 2014, you will likely need to calculate those fine amounts individually to get a more accurate Obamacare fine figure.
2. If you have a dependent child turning 18 years old sometime in 2014, the Obamacare penalty attributed to them will likely need to be calculated separately.