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How much is the tax penalty for not having health insurance in ma?
Wiki User
∙ 14y ago
See the PDF of the bill here: http://edlabor.house.gov/documents/111/pdf/publications/AAHCA-BillText-071409.pdf Go to Section 301 (page 143) and Section 401 (page 167) for your answer. From the quick glimpse I took, 2.5% of gross income. The tax is obviously another extension of the IRS. ;-(
Wiki User
∙ 14y ago
The tax penalty for not having health insurance in Massachusetts is calculated based on a percentage of your household income or a flat dollar amount, whichever is greater. The penalty is pro-rated based on how many months you were without coverage during the tax year.
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