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April 13, 2015

Tax refunds may take hit or get bump from health law

By RICARDO ALONSO- ZALDIVAR
Associated Press

WASHINGTON — As the April 15 tax deadline nears, people who got help paying for health insurance under President Barack Obama's law are seeing the direct effect on their refunds — hundreds of dollars, for better or worse.

The law offers tax credits so people without access to job-based health insurance can buy private coverage. Because these subsidies are tied to income, consumers must accurately estimate what they will make for the coming year.


 
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