The Wenatchee World

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Latest Posts

Staff Arts

Watch out for those health insurance subsidies

Many people are going to be shocked to learn they owe penalties or additional payments when they send in their taxes. People being people, some are probably underestimating their income in order to get subsidies when they signed up for insurance through the Affordable Care Act. Others may not be reporting it when their income goes up. So as soon as they send in their tax information that documents a higher income, they'll be expected to pay back the subsidies that they shouldn't have gotten.