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Posts Tagged ‘tax preparation’

Providing Obamacare Financial Help Difficult Due to Error by Filers

Under the Affordable Care Act, eligible individuals and families with low or moderate income that cannot afford to purchase healthcare through the Health Insurance Marketplace can use the premium tax credit (PTC) to pay for health insurance. This refundable credit is received in advance. However, those claiming this credit are required to file a tax return. Many of the people, roughly 1.4 million households, who claimed the PTC ...