Obamacare enrollees can kiss their tax refunds goodbye


This article from Tea Party Patriots and is dated from August 26th:

This week brings more bad news for Obamacare enrollees. Remember all those promises about how the Affordable Care Act would save middle-class American families thousands of dollars a year and it wouldn’t impact our taxes? Yeah, we do too.

The Associated Press reports[1] however, that a lot of Obamacare customers will be left without a tax refund for 2014, or may have to pay even more money to the government. Specifically, the change will hit the millions of enrollees receiving taxpayer-funded subsidies who misstated or miscalculated their earnings. If their 2014 income turns out to be higher than they estimated when they signed up for subsidies, then the Internal Revenue Service (IRS) will seize a part, or all, of their refund to make up the difference.

Essentially, they’ll be paying the government back for the subsidies they received. For Americans who have gotten a refund before and anticipate they may get one next year, it could prove to be a shock come next spring.

Continue here…

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