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Obamacare subsidies may cause surprise tax bills in 2015
Millions could owe repayment if their 2014 income rises and subsidies exceed entitled amounts. The subsidy design uses projected 2014 income, with 2012 tax data guiding initial estimates, risking smaller refunds or surprise bills for middle income families. Public awareness efforts by Enroll America and government messaging seek to explain tax credits, marketplaces, and potential repayments.
MENTIONED IN THIS ARTICLE
Washington, D.C
Barack Obama
Joan Baird
Springfield
Baird
Catherine Livingston
Internal Revenue Service
Livingston
Washington
Jones Day
Enroll America