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Health law fines double for many uninsured at tax time
Washington AP report notes that uninsured Americans face higher penalties under the Affordable Care Act for 2015. H&R Block data show average penalties of 383 dollars among those owing a penalty, up from 172 dollars in 2014, while subsidy recipients repay more through the IRS with averages around 579 dollars. The piece discusses tax-linked health coverage complexities, income estimation issues, and rising penalties from 95 to 525 dollars, with family penalties potentially reaching 975 dollars for a four-person, 60 thousand dollar income.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
H&r Block
IRS
Mark Ciaramitaro
White House
Ciaramitaro
HealthCare.gov