Quantcast
Channel: Bogleheads.org
Viewing all articles
Browse latest Browse all 2564

Personal Finance (Not Investing) • What to do about owing $1600 in ACA subsidies?

$
0
0
Unfortunately, Covered California made an error and undercharged me by $1600 for my health insurance premiums. For some unintelligible reason, they thought I wanted subsidies this year, and I do not. We fixed it so the premiums for the rest of the year will be correct, but what should I do now?

I'm really careful about taxes and generally get a very small refund.

Sorry if this is a stupid question, but do I owe $1600 to the federal government only? If so, that's easy enough to fix by changing my withholdings. Do I owe anything to the state of California?

Thanks!

(P.S. Please, no comments about the cost of my health insurance. My financial and health situation is complicated and I'm not asking the forum about how to get subsidies. I have received them in the past, but cannot this year.)

Statistics: Posted by LilyFleur — Wed Aug 14, 2024 2:55 pm



Viewing all articles
Browse latest Browse all 2564

Trending Articles