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Updated to include the 2018 tax reform with new tax brackets. The United States and Puerto Rico, file Form 1040 and pay any tax, interest, and penalties due.
The shared individual responsibility paymentremains in place. Taxpayers that don’t maintain health insurance coverage must claim a waiver or exemption or be subject to the penalty. For 2018, the penalty is equal to 2.5% of your AGI, or $695 per adult and $347.50 per child, up to a maximum of $2,085, whichever is higher. That amount is unchanged from 2017.
And don't forget about those changes affecting pass-throughs and business owners who file a Schedule C. You'll find more on that here.
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