Tax filing issues could jeopardize health law aid for many
WASHINGTON (AP) – The IRS says about 1.4 million households that got financial help for health insurance under the president’s law failed to properly account for it on their tax returns last year.
That may put their subsidies at risk this year if they want to keep coverage.
The figures were released late Friday afternoon, a time when the government often reports unfavorable developments.
A spokeswoman for the Department of Health and Human Services says officials there doubt there will be a major impact, because most of the people affected are probably not active customers any longer.
The 1.4 million includes people who failed to file a return, who filed returns missing a key form, and who requested an extension to file but never followed through.