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PoliticAverse

(26,366 posts)
Sat Mar 21, 2015, 06:56 PM Mar 2015

Under Health Care Act, Many Tax Filers Are Discovering Costly Complications

PITTSBURGH — When he signed up for health insurance through the Affordable Care Act last fall, J. C. Ciesielski estimated his income at $19,400, qualifying him for a federal subsidy that cut his premiums in half. But Mr. Ciesielski, an actor, earned an extra $2,340 from a voice-over job in December, and that welcome bit of income proved problematic when he did his taxes this month.

A tax preparer told Mr. Ciesielski that because he had not informed the federal health insurance marketplace, HealthCare.gov, of his additional income, he had to repay $118 of his subsidy. Mr. Ciesielski, who is being treated for a brain tumor, looked perplexed as he learned the money would come out of his refund check.

“This is definitely the lowest refund I’ve ever gotten,” Mr. Ciesielski, 34, said as he drummed his fingers on the tax preparer’s desk. “But it boils down to I have health insurance, which I desperately need.”

This filing season, for the first time, millions of Americans are facing tax implications — and new forms that even seasoned preparers are finding confusing — related to their health insurance status. The changes are not only complicating things for tax filers, but also costing many of them money.

Read the rest at: http://www.msn.com/en-us/news/us/under-health-care-act-many-tax-filers-are-discovering-costly-complications/ar-BBixN7r

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Under Health Care Act, Many Tax Filers Are Discovering Costly Complications (Original Post) PoliticAverse Mar 2015 OP
I don't see the problem. brer cat Mar 2015 #1
the example doesn't fit the headline elehhhhna Mar 2015 #2

brer cat

(24,602 posts)
1. I don't see the problem.
Sat Mar 21, 2015, 07:22 PM
Mar 2015

Surely people realize that if they underestimated their income and thus received a bigger subsidy, then they will need to repay part of it. Else, everyone could have claimed a very low income to qualify for a max subsidy.

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