An unpleasant tax surprise may be lurking next spring for some people who bought health insurance this year on the Affordable Care Act’s coverage marketplaces.The problem centers on income, or what shoppers think they will make.People can get help from the government to buy coverage, depending on their income.
But they have to estimate their income for the coming year to figure out how much help they need in the form of tax credits.
Those who estimate too low — and wind up getting more help than they should — will have to pay back all or part of the assistance at tax time.
About 3.2 million returns for 2018 included a repayment, according to the latest statistics from the Internal Revenue Service.Insurance brokers see this problem surface.