The individual shared responsibility provision in the Affordable Care Act calls for you and your dependents to have qualifying health care coverage for each month of the year, qualify for a health coverage exemption, or make an Individual Shared Responsibility Payment when filing your federal income tax return.

In general, the annual payment amount is the greater of a percentage of your household income or a flat dollar amount, but is capped at the national average premium for a bronze level health plan available through the Marketplace. You will owe 1/12th of the annual payment for each month you or your dependents don't have either coverage or an exemption.

If you must make a payment, you can use the worksheets located in the instructions to Form 8965, Health Coverage Exemptions, to figure the shared responsibility payment amount due.

For more information about determining the amount and reporting your payment on your tax return, see our Calculating the Payment page.

TaxAct asks simple questions to help determine if you're subject to the individual shared responsibility payment. If so, TaxAct will automatically calculate your payment amount and complete Form 8965. We'll also provide important tax information to help you make insurance decisions for 2015. Start your Free Federal return now.

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Upcoming Tax Dates

December 11 — Employees who work for tips
If you received $20 or more in tips during November, report them to your employer Details

December 15 — Corporations
Deposit the fourth installment of estimated income tax for 2018 Details

December 15 — Social security, Medicare, and withheld income tax
If the monthly deposit rule applies, deposit the tax for payments in November.

December 25 — Everyone
Federal Holiday (Christmas Day) Details

View More Tax Dates