Nearly 1.4M U.S. Households Left ACA Subsidies Out of Tax Returns in 2014, IRS Data Show
Nearly 1.4 million U.S. households that received subsidies to help them purchase health coverage under the Affordable Care Act in 2014 did not properly account for the assistance on their tax returns last year, according to IRS data released Friday. About 976,000 filed their taxes for 2014 but omitted Form 8962, which is used to report the subsidies. In addition, about 316,000 did not file their taxes for 2014 and about 147,000 requested extensions to file their 2014 taxes but never filed.
- "Tax Error Complicates Financial Help for Some With Obamacare" (AP/Modern Healthcare, 1/9).