Calculate Your 2014 Obamacare Penalty

Use this Obamacare fine calculator to estimate your 2014 ACA penalty. The fine, if any, is enforced as a result of the Shared Responsibility Payment under the individual mandate of the Affordable Care Act.

The amount is either 1% of your modified adjusted gross income (MAGI) or a flat rate amount, whichever was higher. You’ll need to know your 2014 income to calculate the 2014 penalty. Any IRS fine wasn’t payable until you filed a tax return in 2015.

Be sure to check if you qualify for an exemption, to avoid incurring an Obamacare fine, if you were without health insurance for 3+ months in 2014.

Above is the combined Obamacare fine for everyone included on your tax return. If the number is zero then you don’t owe anything!

Please Note the Following:

1.  You will need to calculate fine amounts individually if some individuals on your return were without health insurance for different time-frames during 2014.

2.  If you had a dependent child who turned 18 years old, sometime in 2014, then any Obamacare penalty attributed to them needs to be calculated separately.

Get your 2015, 2016 and 2017 Obamacare fine using our calculators!

Was this post helpful?