NOTE: This information is offered by the IRS for Tax Year 2017. This includes both rules for making the payment (if you don't have health insurance) and rules about who is "exempt" (does not have to pay). Many people with very low incomes and people with certain immigrant statuses do not have to pay.
For any month during the year that you or any of your family members don’t have minimum essential coverage and don’t qualify for a coverage exemption, you are required to make an individual shared responsibility payment when you file your tax return.
Here are six things to know about this payment:
In most cases, the shared responsibility payment reduces your refund. If you are not claiming a refund, the payment will increase the amount you owe on your tax return.
To learn more, visit the Reporting and Calculating the Payment page on IRS.gov/aca, or use our interactive tax assistant tool, Am I Eligible for a Coverage Exemption or Required to Make an Individual Shared Responsibility Payment?
Remember, that filing electronically is the easiest way to file a complete and accurate tax return. The software does the math and guides you through the filing process. Electronic filing options include: free Volunteer Assistance, IRS Free File, commercial software, and professional assistance.
Pine Tree offers more tax filing tips.