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IPFS News Link • Obamacare

Two-Thirds of ObamaCare Customers Had to Pay Back Subsidy Amount to IRS: Study

• popularliberty.com

Most filers who received government subsidies to buy Obamacare plans had to pay money back to the IRS this year, according to an H&R Block analysis released Monday that looks at the health law's first full tax season.

The tax-prep giant studied its own massive customer base and concluded that two-thirds of its filers who got subsidies from Obamacare were overpaid during the course of the year, and owed money back to the IRS on the April 15 deadline.

They repaid $729 on average, cutting the average refund by about a third.


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