2015 4980H penalty amounts

[Flyboyjohn]

For the "a" penalty I've seen estimates of $2,080, $2,084 and$2,120, anybody seen an official release?

For the "b" penalty I've seen $3,120, $3,126 and $3,180?

Thanks

[Flyboyjohn]

A recent IRS Tax Forum publication shows $2,080 and $3,120 as the 2015 amounts but not sure if it's just an estimate.

[Flyboyjohn]

After much digging I found the CMS determination of the 2015 "premium adjustment percentage" to be 4.21% so applying the adjustment methodology in 4980H the 2015 penalty amounts should be $2,080 and $3,120.

But still no official announcement from IRS that I can find.

[rocknrolls2]

Look at IRS Notice 2015-87, Q&A-13, which confirms that the dollar amounts for 2015 are $2,080 and $3,120, respectively. For 2016, the dollar amounts are $2,160 and $3,240, respectively. Not only are the dollar amounts for the excise tax amount adjusted for inflation but the percentage used to determine the threshold of affordability (i.e., the 9.5%) is also subject to adjustments for inflation. For 2015, the percentage is increased to 9.56%. For 2016, the percentage becomes 9.66%. The official source for this can be found in Notice 2015-87, Q&A-12.