No account yet?
Subscription Options
Subscribe via RSS, or
 
Free Email Alert

Sign up to receive a daily e-mail alert with links to Dallas Blog posts.

New Site Search
Login
Bill DeOre
Click for Larger Image
Dallas Sports Blog
Local Team Sports News
The Official Site of the Dallas Mavericks
TEX Homepage News

A feed could not be found at http://www.dallascowboys.com/cda-web/rss-module.htm?tagName=News

Stars Recent Headlines
Good News Dallas
Lifestyles
Tax Refunds at Risk due to ObamaCare Print E-mail
by Tom McGregor    Sun, Aug 24, 2014, 09:10 PM

 ObamaCare regulations could mean lower or no tax refunds for U.S. citizens.

According to the Houston Chronicle, "Taxes? Who wants to think about taxes around Labor Day? But if you count on your tax refund and you're one of the millions getting tax credits to help pay health insurance premiums under President Barack Obama's law, it's not too early."

George Brandes, vice president for healthcare programs at Jackson Hewitt Tax Service, is quoted as saying that, "More than a third of tax credit recipients will owe some money back, and (that) can lead to some pretty hefty repayment liabilities,."

As reported by the Houston Chronicle, "Here's why: If your income for 2014 is going to be higher than you estimated when you applied for health insurance, then complex connections between the health law and taxes can reduce or even eliminate your tax refund next year. Maybe you're collecting more commissions in an improving economy. Or your spouse got a better job. It could trigger an unwelcome surprise."

As a matter of fact, many Americans anticipating tax refunds may likey receive higher tax bills instead.

To read the entire article from the Houston Chronicle, link here:

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Share This Story on Facebook
Comments (0)add comment

Write comment
smaller | bigger
password
 

busy
 
< Prev   Next >