Uncle Sam could take a bigger bite at tax time for consumers who received too much government help last year with their Obamacare premiums.
That may be just one of several surprises for millions of Americans in advance of the first tax deadline involving the Affordable Care Act.
The majority of Americans who get their health insurance at work should see few changes when filing their taxes. Most will just need to check a box on their tax return indicating they had coverage in 2014.
It stands to be more complicated for those individuals who purchased a private health plan in government-run exchanges or went without insurance at some point last year.
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"Experts project that 40% to 50% of families that qualified for financial assistance might have to repay some portion..."
"About 85% of the roughly 7 million Americans who signed up last year through government-run exchanges paid discounted premiums thanks to subsidies..."
(Excerpt) Read more at latimes.com ...
