DWQA QuestionsCategory: IndividualsIf I owe a tax penalty, when and how do I have to pay it?
HealthTNHealthTN Staff asked 5 years ago

If I owe a tax penalty, when and how do I have to pay it?

1 Answers
HealthTNHealthTN Staff answered 5 years ago

If you do not maintain minimum essential coverage in 2014 and you don’t qualify for an exemption you will need to pay a “shared responsibility payment” to the IRS on your 2014 tax return. If you are like most people, you will need to submit your return by April 15, 2015.

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