H&R Block said tax refunds are down by an average of $530, mainly due to people who owe money after being enrolled in health insurance through state or federal marketplaces.
After analyzing six weeks of data on the current tax season, H&R Block said about 52 percent of the people who enrolled in insurance via the state or federal marketplaces are having to pay back a portion of the advance premium tax credit. It's causing a 17 percent decline in their tax refund. About two-thirds of filers underestimated…
H&R Block said tax refunds are down by an average of $530, mainly due to people who owe money after being enrolled in health insurance through state or federal marketplaces.
After analyzing six weeks of data on the current tax season, H&R Block said about 52 percent of the people who enrolled in insurance via the state or federal marketplaces are having to pay back a portion of the advance premium tax credit. It's causing a 17 percent decline in their tax refund. About two-thirds of filers underestimated…