Premium tax credits : First, what are they? They are a credit can be advanced, refundable tax designed to help eligible low and moderate income families provide health insurance purchased by the health insurance market . In January 2014, the Affordable Care Act (ACA) started making these tax credits available. They were created to provide financial assistance to millions of Americans who could not otherwise afford health coverage. 
Now, a recent analysis by the Kaiser Family Foundation, estimates that half of American households eligible for a tax grant under the Health Act would accountable reimbursement, while 45 percent would receive a refund.
Deeper Survey Analysis
Kaiser analyzed historical trends of households that qualify for subsidies ACA premiums, evaluation the frequency with changes of their income. analysis estimates that the average refund is $ 794 and the average refund is estimated at $ 773.
US Treasury Department estimated that 3 to 5 percent of all households the tax filing must reconcile ACA in advance of the premium tax credits when they file 2014 taxes, representing approximately 4.5 to 7.5 million homes.
How Will Refund work?
Under the Health Act, households whose income is 100 to 400 percent of the federal poverty level ($ 11.40 to $ 45,960 for an individual in 2013, the base year 2014 grants) are eligible for tax credits on a sliding scale to make insurance premiums more affordable for plans that were bought in the markets of the ACA. Taxpayers have the option to receive grants in advance, based on their expected income, but must come to terms with their real income when they file their income tax. If their income is higher than they should, they could be required to repay all or part of the credit. If the income is lower, the household receives a credit.
Why Reconcile Advance Loans?
tax credit on premiums The main reason someone should have required the adjustment is that their income has changed, or the size of their family changed (birth , death or divorce), which affects the family income as a percent of poverty. People are encouraged to report these changes instead of the so their advance credit market may change, however, they can not be notified in all cases. Even when mid-year changes are reported, some reconciliation can occur when taxes are filed.
Findings New analysis
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Ho useholds with an initial income between 100 and 0 percent of the poverty level would have reimbursed the lowest average ($ 667) and reimbursement (412 $) amounts. recently published federal data shows that nearly two thirds of people who subscribe to insurance through healthcare.gov and declare their income have a household income up to 0 percent of the poverty level, or $ 22,980 for an individual in 2013.
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households with an initial income between 300 and 400 percent of the poverty level ($ 34,470 to $ 45,960 for one particular) have the highest average rebate ($ 1,380) and reimbursement ($ 01) amounts.
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For almost half (46%) of all households due a refund, the amount would be between $ 0 and $ 1000. For about four in 10 (42%) households receiving a refund, the amount would fall within this range.
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A relatively small proportion of households had higher final income or equal to 400 percent of the poverty level ($ 45,960 for a no one). These households would owe the highest amounts because they would be required to repay the entire advance credit without a ceiling on reimbursement. Estimates of reimbursement for these households ranged from an average of $ 2306-3837 $ depending on the initial income.
Conclusion
2014 the federal tax filing, households overestimated their annual income will likely receive a refund, while those likely to be required to repay underestimated their premium tax credits.
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