Tax Surprise Due To COVID-19 for Some May Mean Pay Back

The vast majority of people who sign up for a marketplace plan are eligible for a tax credit to reduce their monthly premium. But the tax credits are based on estimated annual income, which may be especially hard to predict during such financially uncertain times. People whose income fluctuated significantly during the year may be in store for a tax season surprise: having to pay back part of their premium tax credit if they earned more than they expected. Read more.