Boots & Sabers

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1608, 14 Apr 16

Some Having to Pay Back Obamacare Subsidies

You’re welcome!

MADISON (WKOW) — If you have a federal health insurance subsidy through the Affordable Care Act, you might need to write a check to Uncle Sam.

A monthly premium subsidy is determined by the estimated income a person puts down at the beginning of each year.

But as many are finding out, earning any income above that estimate means you’re likely going to have to pay back some or all of the subsidy on your 2015 taxes.

It’s something that wasn’t spelled out by the federal government when people were signing up for those subsidies.


1608, 14 April 2016


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