Obamacare Subsidies Could Have Big Impact at Tax Time
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- Created on Thursday, 26 June 2014 08:18
- Written by Justin Credible
Obamacare is turning out to be less affordable than it was pitched to be. If you don't have health insurance, you're mandated to pay a fine to the federal government. What's unknown to most people is that not only are the rules surrounding this constantly changing, but it also has a huge impact during tax time. While it's called a subsidy, it's a tax credit in reality, and if you earn more during the year, that tax credit changes, making you having to pay more back to the government.