Use this Obamacare fine calculator to estimate your 2015 ACA penalty. The fine, if any, may have been higher than calendar 2014 since the Shared Responsibility Payment under the individual mandate of the Affordable Care Act has some built-in yearly increases.
The amount is either 2% of your modified adjusted gross income (MAGI) or a flat rate amount, whichever was higher. You’ll need to know your 2015 income to calculate the 2015 penalty. Any IRS fine wasn’t payable until you filed a tax return in 2016.
Be sure to check if you qualified for an exemption, to avoid incurring an Obamacare fine, if you were without health insurance for 3+ months in 2015.
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 separately if some individuals on your return were without health insurance for different time-frames during 2015.
2. If you had a dependent child who turned 18 years old, sometime in 2015, then any Obamacare penalty attributed to them will need to be calculated separately.