
- Starting on January 1, 2014, the penalty will be $95 (per taxpayer and dependent) or 1% of your income, whichever is greater.
- In 2015, the penalty will be $325 (per taxpayer and dependent) or 2% of your income, whichever is greater.
- In 2016, the penalty will increase to $695 (per taxpayer and dependent) or 2% of your income, whichever is greater.