indago
03-22-2015, 07:43 AM
Journalist Abby Goodnough wrote for The New York Times 21 March 2015:
-----------------------------------------------------------------------------------
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 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.
-----------------------------------------------------------------------------------
article (http://www.nytimes.com/2015/03/22/us/affordable-care-act-insurance-tax-penalty.html?ref=todayspaper)
"refund check"...
There's something wrong with an American who expects a "refund check" from government...
-----------------------------------------------------------------------------------
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 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.
-----------------------------------------------------------------------------------
article (http://www.nytimes.com/2015/03/22/us/affordable-care-act-insurance-tax-penalty.html?ref=todayspaper)
"refund check"...
There's something wrong with an American who expects a "refund check" from government...