Obamacare Adds 30% Tax Filing Burden to Working Poor!

As the draft of the IRS’s new “Premium Tax Credit” form (8962) shows, the working poor who must use this form will need to learn college level accounting techniques.  The whopping 5 Part form includes 36 questions for a total of 145 data elements!  Some tax filing assistance organizations are claiming the new system will add 30% to their labor costs.

Think your off the hook if you’re exempted this year?  Nope, check this out!

IRS Form 8962: Premium Tax Credit

IRS Form 8962: Premium Tax Credit

Bookmark the permalink.

Comments are closed.