-By Warner Todd Huston
So, you thought the Lord God Obama had given you some “free” healthcare, did you? You’ve happily applied for and used his subsidies all last year because that clunky, constantly crashing Obamacare website said you could, eh? Well, guess what? Come April 15 you’ll probably owe a whopping new tax bill to the IRS because, as it turns out, you didn’t really deserve the subsidy you got. Sucks, doesn’t it?
The government reports that nearly 7 million Americans took advantage of the subsidies they were offered on the Obamacare exchange websites, subsidies that helped them cut down on the costs of the newly mandated Obamacare healthcare policies.
But now, according to tax preparation company H&R Block, as many as 4 million subsidy users might discover that in fact they made too much money to have been allowed to get the subsidy and at tax time the IRS will demand that they pay the money back.
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Yet Another Bad Surprise for Obamacare Users: Their Year-End Taxes Will Soar”