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What was the 2017 penalty for not having insurance?
In 2017, the penalty for not having health insurance was either 695 per adult or 2.5 of household income, whichever was higher.
What is the penalty for not having health insurance for 2017?
The penalty for not having health insurance in 2017 is either 2.5 of your household income or 695 per adult, whichever is higher.
What was the 2017 penalty for not having health insurance?
In 2017, the penalty for not having health insurance was either 695 per adult or 2.5 of household income, whichever amount was higher.
Will I have to pay a penalty for not having health insurance in 2017?
Yes, in 2017, the Affordable Care Act required individuals to have health insurance or pay a penalty, known as the individual mandate.
Will I be fined in 2017 for not having health insurance?
Yes, in 2017, individuals who do not have health insurance may face a fine, also known as the individual mandate penalty, unless they qualify for an exemption.
What happens if I don't have health insurance in 2017?
If you did not have health insurance in 2017, you may have faced a penalty called the individual mandate under the Affordable Care Act. This penalty was enforced by the IRS and could result in a fine when filing your taxes. However, the individual mandate penalty was eliminated starting in 2019, so there is no longer a penalty for not having health insurance.
What were the penalties for not having health insurance in 2017?
In 2017, the penalty for not having health insurance was either a flat fee or a percentage of your income, whichever was higher. The flat fee was 695 per adult and 347.50 per child, with a maximum of 2,085 per family. The percentage of income penalty was 2.5 of your household income above the tax filing threshold.
Do you have to have health insurance in 2017?
Yes, in 2017, the Affordable Care Act required most Americans to have health insurance or pay a penalty on their taxes.
What was the penalty for not having health insurance in 2015?
The penalty for not having health insurance in 2015 was a fee imposed by the government, known as the individual mandate penalty.
What is the penalty for not having health insurance for 6 months?
The penalty for not having health insurance for 6 months is typically a fine imposed by the government.
What are the penalties for not having health insurance?
The penalties for not having health insurance include a tax penalty imposed by the government. This penalty is known as the individual mandate penalty and is enforced to encourage people to have health insurance coverage.
How can I pay the penalty for not having health insurance?
You can pay the penalty for not having health insurance when you file your federal income taxes. The penalty amount varies depending on your income and family size.
