Before tax reform was passed, if you did not have health insurance coverage or qualify for an exemption, you were required to pay a penalty on your tax return. In 2016, as many as 4 million taxpayers paid the penalty.
However, you may still be subject to the penalty on your 2018 tax return if you had no health insurance coverage. The tax penalty is the greater of $695 per individual (up to a maximum of $2,085) or 2.5% of your household income, less your filing threshold amount.
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