ObamaCare ACA Tax Penalty for 2015 & 2016

October 6, 2015

Under the Affordable Care Act, most Americans are required to minimum essential coverage health insurance. When you file your taxes in April, you'll have to report whether or not you enrolled by the deadline.

To avoid a tax penalty for 2015, the enrollment deadline for most people was February 15, 2015. For 2016, you must get covered by January 31, 2016.

If you don't get "minimum essential coverage" and you don't qualify for an exemption, you'll have to pay a penalty when you file your tax return. The official name for this penalty is the "individual shared responsibil
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