LOS ANGELES, Calif. -- Today, the Health Care Marketplace, a new site aimed at helping consumers compare and shop for health insurance, published new information on maximizing tax credits with the new health care exchanges.
The Affordable Care Act provides a new tax credit for consumers purchasing health insurance. These tax credits are available immediately to help individuals and families offset their monthly premiums. However, if consumers incorrectly estimate their income or have major career changes they must repay any excess tax subsidy when they file their federal tax returns for 2014. Because the tax credits can be thousands of dollars annually, the tax bill can be substantial. In order to minimize any fees due and mazimize consumer's tax credits, the Health Care Marketplace has published an article to help consumers with this potential issue.
The full article can be found here.
About HealthCareMarketplace.com
The Health Care Marketplace is an all-new way for consumers to find health insurance. Launching October 1, the site easily allows consumers to compare and shop for an affordable plan, read about the latest health care changes, calculate their possible tax credit and more. For additional information visit www.healthcaremarketplace.com.
