05 Apr '15, 12pm

Tax refunds for many may take a hit or get a bump from health law.

Health care tax forms 8962 and1095-A. AP In this photo taken March 31, 2015, William Preus stands in the backyard of his home in St. Petersburg, Fla. Preus was covered by the health overhaul for part of last year before transitioning to Medicare, creating a major tax headache for him. Steve Nesius/AP WASHINGTON — As the April 15 tax deadline nears, people who got help paying for health insurance under President Barack Obama's law are seeing the direct effect on their refunds — hundreds of dollars, for better or worse. The law offers tax credits so people without access to job-based health insurance can buy private coverage. Because these subsidies are tied to income, consumers must accurately estimate what they will make for the coming year. That's been a challenge for millions of people. Guess on the low side, get more help now with premiums, but owe money later at filing...

Full article: http://www.stripes.com/news/us/tax-refunds-for-many-take-...

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