Showing posts with label Obamacare tax. Show all posts
Showing posts with label Obamacare tax. Show all posts
Obamacare tax surprise:
Millions of Americans could owe government more than they think
This fall, millions of already cash-strapped Americans will apply for taxpayer-funded government subsidies to help pay for their mandatory Obamacare coverage, which is set to begin next year. But according to new reports, individuals who incorrectly predict their future income on the subsidy forms, or who end up having lower income in 2012 than in 2013, will end up having to pay back some or all of the subsidy money back to the government, which could come as a major surprise for many people.
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