Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

How Obamacare subsidies could impact your tax refund
cbs news ^ | 8-25-2014

Posted on 08/25/2014 9:10:45 PM PDT by Citizen Zed

Taxpayers accustomed to filing a simplified 1040EZ will not be able to do so if they received health insurance tax credits this year.

Some highlights:

-- You may have heard that the IRS cannot use liens and levies to collect the law's penalty on people who remain uninsured. But there is no limitation on collection efforts in cases where consumers got too big a tax credit. If your refund isn't large enough to cover the repayment, you will have to write the IRS a check. "They are not messing around," Brandes said.

For families, the cap is double the amount that individuals can be charged, but the income thresholds vary according to household size. An IRS table may help simplify computation, which is based on the federal poverty levels for 2013.

-- There is no collection cap for households making more than four times the federal poverty level.

(Excerpt) Read more at cbsnews.com ...


TOPICS: Chit/Chat
KEYWORDS: 1040; 1040ez; credits; healthcare; incometaxreturns; irs; obamacare; obamacaresubsidies; subsidies; taxes
April 15, 2015. Obama's final day of reckoning.
1 posted on 08/25/2014 9:10:45 PM PDT by Citizen Zed
[ Post Reply | Private Reply | View Replies]

To: Citizen Zed

Samaritan Ministries
http://samaritanministries.org/costs/monthly/


2 posted on 08/25/2014 9:21:14 PM PDT by 2ndDivisionVet (The most dangerous man to any government is the man who is able to think things out for himself.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed

You have to pass the bill to find out what is in but not to worry, Obama can just make his own rules to fix that if it hurts the takers.


3 posted on 08/25/2014 9:22:02 PM PDT by RedMDer (May we always be happy and may our enemies always know it. - Sarah Palin, 10-18-2010)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed

The Obamacare Marxist sham continues to crumble.


4 posted on 08/25/2014 9:24:21 PM PDT by EagleUSA
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed
I'm sure cbs left out some of the finer points in this whole thing.

Race and political affiliation are very likely paramount.

Lest anyone thinks they can't get away with this, remember that Lois Lerner is still walking free and will probably never see the inside of a jail cell.

5 posted on 08/25/2014 9:26:50 PM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed
April 15, 2015. Obama's final day of reckoning.

Open rebellion April 16, 2015.

6 posted on 08/25/2014 9:41:23 PM PDT by Focault's Pendulum (I live in NJ....' Nuff said!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed

Bookmark


7 posted on 08/25/2014 10:03:40 PM PDT by publius911 ( Politicians come and go... but the (union) bureaucracy lives and grows forever.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed

Yep, wait until the sheeple realize not free & fines will be involved..


8 posted on 08/25/2014 10:35:03 PM PDT by rainee (Her)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed

Lots of dumbasses won’t be getting their “money back” next year. They’re gonna’ be pissed! And surprised! hee hee


9 posted on 08/26/2014 1:24:58 AM PDT by VerySadAmerican (Liberals were raised by women or wimps. And they're all stupid.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Focault's Pendulum

I smell a business opportunity, road maps to D.C. with Obamacare offices and IRS offices marked all across the nation. All roads lead to D.C. Should be a lot of LIV’s who need the info.


10 posted on 08/26/2014 6:03:02 AM PDT by Foundahardheadedwoman (God don't have a statute of limitations)
[ Post Reply | Private Reply | To 6 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson