Subsidized Health Insurance?

If you are getting subsidized health insurance through the Federal health insurance exchange then you likely can receive more subsidy due to a recent law change.  In the past, you could receive NO subsidy if your income exceeded 400% of the Federal Poverty Level.  Now there is no bright-line phaseout and you will always receive a subsidy to keep you from paying more than 8.5% of your income towards health insurance.  If you need any clarification on how this impacts your tax return then please call us.