If you barked at your tax preparer because a government subsidy overpayment took a big bite out of your refund, it's time to apologize. You had lots of company.
Tax preparer H&R Block took a look at taxpayer filing outcomes and said two-thirds of taxpayers who received a premium subsidy for health insurance had to give some back. The average: $729.
About a quarter of those receiving subsidies got money back because they'd overpaid, H&R Block said. Average kickback was $425.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
