DO YOU CURRENTLY HAVE INSURANCE?

FAMILY SIZE

ADULTS
CHILDREN

The number of uninsured adults and children in the household contribute to the total penalty amount that's incurred.

ANNUAL HOUSEHOLD INCOME

INCOME

(Just an estimate)

Depending on your household income, you may be
exempt from purchasing health insurance.

RESULT

Starting 2014, there will be a 3 month grace period from January 1 to March 31 where no fine will be incurred if you have not purchased health insurance. Find out what your 2014 penalty will be starting April 1, by months you are uninsured. Your 2014 penalties will be assessed on your 2015 taxes.

2014

TOTAL TAX PENALTY
FOR THE YEAR:

This is your maximum tax penalty for the year. This amount could vary based on the number of months you are uninsured.

Learn how you can avoid your penalty by visiting the TurboTax Blog.

*There are some exceptions from the requirement to purchase health insurance.

By March 31, 2014, most Americans will be required to purchase health insurance or will incur a tax penalty.

For more information about Health Care Reform, please visit the TurboTax Blog.