Surprise! Millions of uninsured Americans could owe Uncle Sam extra this tax season because of Obamacare. The IRS began penalizing tax filers this year if they failed to purchase insurance in 2014. Obamacare, formally known as the Affordable Care Act (ACA), included an insurance mandate.
Americans must buy qualified health insurance or face the larger of two tax penalty options when they file their 2014 taxes: $95 per adult and $47.50 per child up to $285 per family, or 1 percent of income up to $9,800, according to Kaiser Health News. These penalties are also scheduled to increase dramatically in the following years.






