Ring in the New Year with cheer and some changes from the IRS and Congress when it comes to tax changes for your 2016 tax return. There are changes that affect penalties, deadlines and thresholds. The cost for having no health insurance coverage has tripled since 2014 under the Affordable Care Act (ACA). If you didn't have health insurance, you'll have to pay the higher of these two. Two percent of your annual income above the tax-filing threshold for average premiums of health coverage plans from the federal healthcare exchange or $695 per person and $347.50 per uninsured children under the age of 18.