Use the Obamacare Fine Calculator below to figure out your 2015 ACA penalty. Any IRS fine won’t be payable until you file a return in 2016.
The Shared Responsibility Payment under the individual mandate of the Affordable Care Act allows for yearly increases on any applicable penalties.
Calculate the penalty, if any, for you and your family here. It may help you properly file your 2015 taxes. You’ll just need to estimate your 2015 income.
You should also check to see if you will qualify for an exemption to avoid incurring a possible Obamacare fine.
Above is the combined 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 2015, you will likely need to calculate those fine amounts individually. (You’ll be able to accurately account for this possible scenario later when the Obamacare fine gets closer during 2015).
2. If you have a dependent child turning 18 years old sometime in 2015, the Obamacare penalty attributed to them will likely need to be calculated separately.