Friday, August 15, 2014

How Obamacare could make filing taxes a nightmare

How Obamacare could make filing taxes a nightmare:

Individuals and families who bought subsidized coverage have been receiving tax credits based on whatever amount they thought they would earn this year. Upon filing taxes, the IRS will reconcile the amount of subsidy received, based on expected income, with the person's actual income.

(Via Vox - All)

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