aca penalty

[TaxprepP]

Whole family of 5 does not have insurance and magi is 66,000. to figure penalty, I did the worksheet, and had a penalty of $467(everyone's name was on the worksheet and all boxes were checked) When I took off all but one adult(father), the penalty was the same. Is this right?

Penalty same is correct. Penalty is figured on household income above filing threshold. In this case the 1% is higher than the flat penalty. In calculating the 1%, it doesn’t matter how many people did not have insurance. Even one person not covered will calculate penalty.

[Gretel]

Probably

With 66k 1% of income is higher then highest on flat penalty, which is $285.

[JenMO]

Whole family of 5 does not have insurance and magi is 66,000. to figure penalty, I did the worksheet, and had a penalty of $467(everyone's name was on the worksheet and all boxes were checked) When I took off all but one adult(father), the penalty was the same. Is this right?