What is the penalty for not having health insurance in the US?
What is the penalty for not having health insurance in the US?
Individuals who go without qualifying health coverage for a full year and don’t file for an exemption may owe a tax penalty. The penalty amount is either 2.5% of the gross family household income or $695 per individual and $347.50 per child; you’ll pay whichever amount is greater. Jan 21, 2022
