Health Care TurboTax 2016 Health Care Penalty Calculator Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxBlogTeam Published Oct 22, 2015 - [Updated Apr 21, 2022] 1 min read Most Americans are required to have health insurance under the Affordable Care Act and those that do not have health insurance could face a 2016 tax penalty when they file their 2016 taxes in 2017. If you are uninsured you do have the opportunity to purchase health insurance in the Health Insurance Marketplace during the open enrollment period starting November 1, 2015 through January 31, 2016. If you remain uninsured and you are not exempt from purchasing health insurance, TurboTax will help you estimate how much your tax penalty will be, based on your family size and income, with our handy health care penalty calculator. About 40% of uninsured Americans may qualify for an exemption from the tax penalty on their 2015 taxes so be sure to also check out the IRS free online tool to find out if you’re eligible for an exemption. Previous Post TurboTax 2016 Health Care Subsidy Calculator Next Post Tax Tales: From Uninsured to Insured – How I Found… Written by TurboTaxBlogTeam More from TurboTaxBlogTeam Comments are closed. Browse Related Articles Health Care What is a Health Care Reform Tax Penalty [Calculator]? Health Care Affordable Care Act: Top 5 Questions Answered Health Care Uninsured This Tax Season? See How You Can Save Money w… Health Care Health Reform Law Has New Implications for Consumers an… Health Care Health Insurance Marketplace Open Enrollment is Ending … Health Care I Don’t Have Health Insurance. Will I Face Any Penalt… Health Care Good News For Uninsured Taxpayers! Affordable Care Act … Health Care Not Insured? Find Out if You Qualify for an Exemption Health Care Affordable Care Act Update: Enrollment and Coverage Dea… Health Care Good News For Uninsured Taxpayers! Affordable Care Act …
