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According to our results you do not qualify for an exemption. You may be required to pay a penalty when you file your taxes. Click here to find out how much your penalty could be. We recommend discussing your tax situation with one of our Liberty ACA Advisors to receive a more personalized assessment.

Use our office locator to find your local tax office.

Why is there a penalty for not having health insurance?

The Affordable Care Act requires that everyone have health insurance coverage through a qualified insurance plan. If you did not have health insurance or had a lapse in coverage at any time during the year 2014, you might have to pay a fine.

How much will I have to pay?

If you didn’t have coverage in 2014, you’ll pay the higher of these two amounts when you file your 2014 federal tax return:

  • 1% of your yearly taxable household income.
  • $95 per person for the year ($47.50 per child under 18). The maximum penalty per family using this method is $285.

We’ll take care of the calculations for you. When you prepare your taxes through DIY Tax, we can calculate the appropriate amount for your tax situation.