New health law reduces tax refunds for some and increases payments for others

April 5, 2015 2:23 PM

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New health law reduces tax refunds for some and increases payments for others

This is not the best of times for many American taxpayers, because the approach of April 15 tax deadline signifies a new reality that impacts in no small measure upon their tax returns, most especially for those who got help with subsidies under Obamacare set up by the President Obama administration to aid health insurance coverage among other things.

Now, the health law tax provides some people with credits to enable insured people whose health insurance is not tied to their jobs obtain private health insurance coverage; but since most of these tax subsidies are dependent on incomes from jobs, payers have to accurately project into the coming ye...

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