Tax Form Error Affects 800,000 HealthCare.gov Customers
Published at(WASHINGTON) — Nearly a million Americans who signed up for subsidized coverage through HealthCare.gov may have to wait longer to get their tax refunds this year.
The Obama administration says a critical tax form that HealthCare.gov customers need to complete their 2014 returns was flawed for about 800,000 customers. The document in question — Form 1095-A — was sent to customers earlier this month.
“About 20 percent of the tax filers who had Federally-facilitated Marketplace coverage in 2014 and used tax credits to lower their premium costs — about 800,000 (< 1% of total tax filers) — will soon receive an updated Form 1095-A because the original version they were issued listed an incorrect benchmark plan premium amount,” a blog post from the Centers for Medicare & Medicaid Services on Friday reads.
Affected customers are being asked to hold off on filing their returns until the first week of March, when they will receive the new form, or go online to get the correct information before they file.
“For those who have filed their taxes — approximately 50,000 (< 0.05% of total tax filers) — the Treasury Department will provide additional information soon,” the CMS blog post says.
The Obama administration is still investigating the root cause of the problem.
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