ACA Information Reporting Penalties Increased for Returns Filed in 2025

On Sept. 11, 2019, the IRS updated their Questions and Answers (Q&As) on the employer shared responsibility rules under the Affordable Care Act (ACA), to include adjusted penalty amounts for 2019 and 2020. According to the FAQs, the penalty amounts will be increased as follows.

policies, standards, compliance

Now that the reporting deadlines for the 2023 calendar year, which took place in 2024, have passed, it
is time to focus on next year’s filing deadlines and penalties. IRS Revenue Procedure 2023-34 includes
the updated penalty amounts that may apply to reporting entities that fail to comply with the Affordable Care Act’s (ACA) requirements under Internal Revenue Code Sections 6055 and 6056.

Click here to learn more and download the latest ACA Compliance Bulletin.