While looking over the ACA I noticed something..
Say you qualify for 8000.00 "tax credit"
Which is roughly 666.00 a month
You find insurance for 500.00 a month..
End of year you do taxes they owe you ???
Or it also reads the opposite..
You spend more than your "tax credit"
You spend 766 a month
End of year you have to repay from your tax refund?
Just reading this stuff is crazy....you can be exempt from coverage purchase of insurance if you have atleast two shut off notices from utility companies .
It just goes on and on and on lol...
Say you qualify for 8000.00 "tax credit"
Which is roughly 666.00 a month
You find insurance for 500.00 a month..
End of year you do taxes they owe you ???
Or it also reads the opposite..
You spend more than your "tax credit"
You spend 766 a month
End of year you have to repay from your tax refund?
Just reading this stuff is crazy....you can be exempt from coverage purchase of insurance if you have atleast two shut off notices from utility companies .
It just goes on and on and on lol...