Health Care Uninsured This Tax Season? See How You Can Save Money with Exemptions Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxBlogTeam Published Mar 10, 2016 - [Updated Jul 23, 2019] 1 min read If you didn’t have health insurance in 2015, you might now owe a penalty on your taxes for not being covered. However, about 70% of uninsured Americans may qualify for an exemption from the tax penalty on their 2015 taxes. Nearly three in four uninsured TurboTax filers have claimed an exemption from the individual health care mandate tax penalty as of Jan. 31, according to recent data from TurboTax. The penalty for having gone without health insurance in 2015 is $325 per adult and $162.50 per child (up to $975 for a family) or two percent of household income, whichever is greater. Did you know that about 300,000 people who paid the penalty last year likely qualified for an exemption last year, according to the IRS? No worries, we got you covered here. With the penalty nearly doubling this year, it’s more important that ever to see if you qualify for an exemption from a tax penalty. The good news is that TurboTax is here to help by scanning information in your tax return to automatically give you affordability exemptions based on your income. You can also apply for one of the many hardship exemptions through your state Marketplace or the Health Insurance Marketplace. If you were uninsured last year, make sure you check to see if you can qualify for a health insurance exemption! Previous Post Four ways to make the most of your health insurance Next Post Life Changes – Your Health Insurance Adventure Tool [Interactive] Written by TurboTaxBlogTeam More from TurboTaxBlogTeam Leave a ReplyCancel reply Browse Related Articles Tax News Intuit TurboTax April Report: A Look at Refunds and S… Tax Planning April 15 is the Tax Deadline: 6 Things You Need to Know… Tax Planning Unable to Pay Your Tax Bill? Here’s What To Do Tax Tips Tax Credits 101: What They Are & How They Work Business How to Know if You Should Invest in Business Insurance Tax Deductions and Credits What Is the Standard Tax Deduction for 2023 – 202… 401K, IRA, Stocks Should You Use Your 401(k) or Retirement to Pay Off Deb… Tax Planning What Happens If You Don’t Pay Taxes? Understanding Pe… Tax Deductions and Credits Family Taxes: Take Advantage of Tax Savings Taxes 101 How Much Do You Have to Make to File Taxes? Demystifyin…