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Play or pay: Employer Responsibility under the Affordable Care Act

Business Tax Penalty Guide

Your Result: You have to pay a tax penalty starting January 1, 2015.

Because you have 50 or more employees and some of them received a tax credit, you are subject to a tax penalty. This penalty is considered a tax liability and is not deductible as a business expense. The penalty also is subject to increase each year in line with inflation. The penalty is calculated as follows:

The penalty is $2,000 per year for each employee minus the first 30 employees.

So if, for example, you have 55 employees in your company. You would take 55 employees, minus 30 = 25 employees. You take this number times $2,000 (in this case 25 x $2,000) = $50,000 fine.

Avoid this fine by putting a group health plan in place that is ACA compliant today!

Get Group Coverage
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