Under the ACA 鈥� which could soon be repealed 鈥� anyone without health insurance for more than three months of the year has to pay a penalty at tax time (unless you ). So if you didn鈥檛 have health insurance in 2016, you owe the IRS $695 per adult in your family, or 2.5 percent of your income, whichever is higher. That鈥檚 a big step up from last year鈥檚 penalty of $325 per person, or 2 percent of income. The penalty for kids is half that for adults, or $347.50 per kid.
President Trump's first executive order calls the individual mandate into question, but it is not yet clear whether that will affect the 2016 tax year.
