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) Facebook Click to share on X (Opens in new window) X Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to print (Opens in new window) Print 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 Tax Reform See How Tax Changes Impact You with the Tax Reform Calculator Life 5 Ways to Strengthen Your Financial Foundation Life The End of Pennies: Understanding the Financial Shifts Ahead Investments Values-Based Investing: How to Get Started with ESG Tax News Georgia State Surplus Tax Refund: Everything You Need to Know About the Rebate Life To Rent or to Own: The Ultimate House Debate Life Smart Shopping This Summer: Saving on Goods and Cars Latest News Arkansas Champions NIL State Tax Exemptions: What This Means for Student-Athletes and Schools Tax Tips TurboTax Up to 5-Day Early Refund Option: What You Need to Know Tax Help How to File a Business Tax Extension: Deadlines, Forms, and Penalties