Tax Form 1095-A May Delay ObamaCare Recipients Tax Refunds

taxes IRS form 1095-A for Affordable Care ActMillions of Americans may experience a delay in receiving their tax refunds next year. If you’re among those who have applied for, and successfully received ¬†healthcare benefits through President Obama’s Affordable Care Act initiative, there’s a new form you’re going to have to get from the insurance exchange before you can even file for your 2014 tax return.

This new form is called the 1095-A, which you can take a look at here. The form will list all of the individuals in the household who receive the benefits and how much the government has spent subsidizing their premiums. The forms are to be issued by the same agency that was heading the HealthCare.gov initiativ

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About Kal Kurdi

I'm a poet, an entrepreneur, a creative writer, a cynic, and most importantly, a child at heart. My personal experience working in the Financial industry as proven an asset to my industrious qualities. My control over the English language has effectively helped to persuade many opportunities into action. I seek all the knowledge I can obtain, and gladly share it with all who'd listen.
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6 Responses to Tax Form 1095-A May Delay ObamaCare Recipients Tax Refunds

  1. harrold says:

    Will the problems with this ever stop?

  2. trueamerican says:

    It’s the government scamming us again. First Obamacare, now keeping the money that’s rightfully ours. Do they not have any decency?

  3. ben says:

    There’s nothing that says you had to take the subsidies that the Affordable Care Act offered. If you are so against it, you should have never taken it or you’re a hypocrite. And if you didn’t take it, there is no issue with your refund.

  4. Andrew Allison says:

    Speaking of keeping what is rightfully ours, the purpose of the form is to compare the stated income upon which taxpayer-paid subsidies were based with actual income. Given the incentive to lie about income, I suspect that it’s not just refunds that are at risk. If you lied about your income and don’t have a refund from which the ill-gotten subsidies can be deducted, expect a deficiency notice. Seems like a good idea to me.

  5. Kal Kurdi says:

    You are correct. Income that was underestimated or filed incorrectly will result in a deficit, forfeited returns, etc…

  6. M@PennyThots says:

    I think that if you get the form in a reasonable amount of time, then there should be no problem. But with all circumstances, there will be the few that will not get it when they should.

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