Some people can get a 40% higher tax/repayment than expected due to Obamacare – for example, if a self employed individual estimated their year’s earnings $20,000 less than what they received, they could be paying an extra 20% tax on that income, and in order to reconcile form 8962 PTC they might be paying another 20% to reimburse for the subsidies they received but did not qualify for due to the higher income.

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Trump wins United States of America presidential election

Get tax forms and file direct at the IRS official website

DUE DATES for tax year 2016 to file in 2017

The Internal Revenue Service will officially begin accepting individual tax comebacks on Monday, Jan. 23, 2017.

The filing DEADLINE is Tuesday, April Eighteen, 2017 for individuals as Monday is Emancipation Day and the normal deadline date of April 15th is on a Saturday.

Taxpayers in Maine and Massachusetts will have until Tuesday, April Nineteen, due to the Patriots Day holiday.

Some people can get a 40% higher tax/repayment than expected due to Obamacare – for example, if a self employed individual estimated their year’s earnings $20,000 less than what they received, they could be paying an extra 20% tax on that income, and in order to reconcile form 8962 PTC they might be paying another 20% to reimburse for the subsidies they received but did not qualify for due to the higher income. view the IRS instructions on form 8962

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