How To Pay The Affordable Care Act Penalty Fee

health-care-govIf you have decided not to buy health insurance as mandated by the Affordable Care Act (sometimes called “Obamacare”), you may be faced with a penalty fee. How do you pay it?

Well, this one is easy, because any penalty fee you owe is paid as part of your year-end tax return, so you’ll pay it in the same way you pay your other taxes (or it may come out of your tax refund if you’ve overpaid).

If you don’t pay it at all, the IRS won’t come after you, but they’ll get it eventually by subtracting it from any future tax refund you might be owed.