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# Kaiser Health News: How Obamacare Can Affect Your Taxes

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<!-- video src="https://cdn.jwplayer.com/manifests/XUkhBT1z.m3u8" -->
## Video: Kaiser Health News: How Obamacare Can Affect Your Taxes

[Watch (HLS stream): Kaiser Health News: How Obamacare Can Affect Your Taxes](https://cdn.jwplayer.com/manifests/XUkhBT1z.m3u8) (1:05)

![Kaiser Health News: How Obamacare Can Affect Your Taxes](https://cdn.jwplayer.com/v2/media/XUkhBT1z/poster.jpg?width=720)

_Published 2015-04-06. Here's everything you need to know about how the Affordable Care Act may have affected your taxes this year._


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Jul 27, 2023 6:07 PM UTC

---

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---


## Transcript

[ MUSIC ] Are you trying to get your taxes done? Your 2014 Tax Bill could be effected by your health insurance. The federal health law requires most people to have health coverage. If you had insurance through work, bought a plan in the new insurance marketplaces, or were enrolled in Medicare Part A, Medicaid, or Tricare, you likely met that requirement. You can check that box off on your tax form. If you didn't have coverage or had it for only part of the year you need to fill out form 8965. That let's you claim exemption or calculate your penalty. The penalty is $ 95 or % 1 of your family's income, whichever is greater.

The law allows some exemptions like if you didn't make enough money to have to file a tax return or suffered a financial hardship [ MUSIC ] See the list on page two of the instruction for form 8965. Some people face other unwelcome tax news. If you got federal subsidies to help buy insurance and underestimated your 2014 income, you , ay have to pay back the government. For more information, visit healthcare. gov or go to the insuring your heath column archives at Kaiser Health News

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