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Over half of Obamacare enrollees owe the IRS for excess subsidies received
Posted by: H&R Block ()
Date: February 25, 2015 01:53PM

H&R Block reports that half of Obamacare enrollees owe the IRS money after receiving too many subsidies.

A release put out by the consumer tax preparation company says that 53 percent of those signed up for insurance through Obamacare received too much subsidy support during the year. As a result, Obamacare consumers owe the IRS an average of $530, which is deducted from any refund to which they were entitled. With an average refund of $3,100, the net impact was to cut tax refunds for Obamacare enrollees by 17 percent.

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Re: Over half of Obamacare enrollees owe the IRS for excess subsidies received
Posted by: You didn't get the e-mail? ()
Date: February 25, 2015 02:54PM

Old news and what type of idiot would quote H&R Block?

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Re: Over half of Obamacare enrollees owe the IRS for excess subsidies received
Posted by: Smart =/= You ()
Date: February 25, 2015 03:16PM

You didn't get the e-mail? Wrote:
-------------------------------------------------------
> Old news

Nope. It's from a study of tax returns they've prepared to date this tax year released yesterday by Block. The first tax year in which the differences in the subsidies received vs actual eligibility and penalties has come into play.

> and what type of idiot would quote H&R
> Block?

These kinds of idiots?

http://www.accountingtoday.com/news/tax-season/taxpayers-pay-back-obamacare-premium-tax-credits-73737-1.html

Block is the largest tax preparation firm including both off- and online filings and has direct access to the data in filings by millions of its customers which is not otherwise available.

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Re: Over half of Obamacare enrollees owe the IRS for excess subsidies received
Posted by: GovvyCare ()
Date: February 25, 2015 03:22PM

How many on Govvy care have poor credit I wonder.

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Re: Over half of Obamacare enrollees owe the IRS for excess subsidies received
Posted by: Lib-tardz! ()
Date: February 25, 2015 04:27PM

Lulz...Obobocare = scam

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Re: Over half of Obamacare enrollees owe the IRS for excess subsidies received
Posted by: wtf??? ()
Date: February 25, 2015 04:45PM

I thought its supposed to be free???

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