August 08th, 2016

TAX TIP OF THE DAY... avoid Obamacare subsidy surprises

If you are receiving a subsidy to help pay for Obamacare health insurance, be sure to update the Marketplace about changes that could affect your subsidy.  This includes changes to: your income, number of household members, marriage filing status.

If you have an unreported change, you will be required to repay all or a portion of the excess subsidy paid to you.  My office specializes in minimizing this repayment.  

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