Posted on 12/28/2014 7:11:26 AM PST by Libloather
If you're one of the almost 6 million individuals who received a government subsidy toward the health insurance you bought on Healthcare.gov or your state's insurance exchange, then prepare for a possible delay in processing your 2014 tax return and refund.
That's because folks who bought subsidized health insurance will receive a new tax form called Form 1095-A Health Insurance Marketplace Statement. The insurance exchanges are supposed to provide these forms.
The problem is it's unclear whether the processing steps for this form have been finalized. In the past, whenever new forms and processing procedures aren't finalized and changes are made late in the year, delays in filings and tax refunds almost always occurred.
(Excerpt) Read more at cbsnews.com ...
If you get a refund you gave the gubmit an interest free loan for last year. If you pay that money it is an interest free loan from the gubmit. Optimally you can withhold up to 90% of what you will pay in tax without penalty.
Most of those who voted for Obama think treat their tax refunds as a windfall. They’re going to be pissed when they don’t get one.
Hah! Suckers, they gave the government an interest-free loan.
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