The lowest ACA reporting penalty: $60 per form when corrected within 30 days.
If you file a correct return or furnish a correct statement within 30 days of the deadline, the penalty is $60 per return and $60 per statement, under Sections 6721 and 6722.
What the first tier costs.
$60 Per Return
The failure-to-file penalty under Section 6721 when the correct return is filed within 30 days of the required date.
$60 Per Statement
The failure-to-furnish penalty under Section 6722 when the correct statement reaches the employee within 30 days.
Up to $120 Per Form
One form that is both filed and furnished late but corrected in time costs $60 plus $60.
The most an employer pays in this tier.
Smaller Employers
$244,500 for employers with average annual gross receipts of $5 million or less, for returns due in 2027.
Larger Employers
$698,500 for employers over $5 million in gross receipts, for returns due in 2027.
2026 Returns
Returns due in 2026 carried caps of $239,000 and $683,000 in the same tier.
Same Amount Both Years
The per-return amount was $60 for returns due in 2026 and is $60 for returns due in 2027.
Quick answers.
Short answers. This is general information, not legal or tax advice.
What Starts the 30 Days?
The required filing or furnishing date. The tiers are measured from that date.
Is It Worth Rushing?
Yes. Waiting past 30 days raises the per-form amount to $130, and after August 1 to $340.
Can It Still Be Waived?
The IRS can waive a penalty for reasonable cause under Section 6724 and 26 CFR 301.6724-1.
Where the rules and figures come from.
Each figure on this page comes from the source below. Amounts are indexed or updated over time, so confirm current figures before relying on them.
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