Affordable Care Act Misunderstanding

Ask Your Question For Free

Summary

ACA subsidies are income-based, and if your income increases, you may owe back some or all of your subsidy. You cannot sue the government for misrepresentation. Consult a tax professional for future tax planning.

Full Conversation

Well I feel like I got tricked in to getting Obama care . I thought I qualified for free healthcare. I didn't know it would come out of my income tax . I don't go to the doctor or use any of it . And I would of got *.* back but since I made more than I told them *,* I made * and lost my income and had to pay * to the IRS I feel like they miss represented. The info. And tricked me . Is there anything I can do about that
Hello ****, I understand your concern. Could you please tell me your location? This will help me provide the most accurate information.
Muleshoe TX
Hello ****, your situation involves the Affordable Care Act (ACA). Here are some key points:
- ACA subsidies are based on income. If your income increases, you may owe back some or all of your subsidy.
- You can't sue the government for misrepresentation.
- Consider consulting a tax professional for future tax planning.
Ok thanks . I terminated the ins bless you have a good day
Thank you, ****. If you have any more questions in the future, don't hesitate to contact us. Have a great day!