Four million Americans paid $2.8 billion in Obamacare penalties for not having health insurance on target year 2016 returns through April 27, 2017, according to datafrom the Taxpayer Advocate Service, a division of the Internal Revenue Service.
Beginning in 2014, the Affordable Care Act’s individual mandate required Americans to purchase health care coverage or pay a penalty to the IRS.
At that time, individuals without insurance had to pay either a flat fee of $95 or 1 percent of the household’s adjusted gross income in excess of the threshold for mandatory tax filing, whichever was greater. In 2016, those numbers increased to a flat fee of $695 or 2.5 percent of the gross income.
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