10 things you need to know today: February 21, 2015

Healthcare.gov
(Image credit: (AP Photo/Jon Elswick, File))

1. About 800,000 taxpayers using Healthcare.gov received incorrect tax data

The Obama administration on Friday told about 800,000 taxpayers who purchased insurance policies via Healthcare.gov that they had been sent incorrect tax information. The affected individuals have been advised to hold off on filing their tax returns until the government sends them corrected data, which will likely arrive the first week of March. The incorrect forms included miscalculated "benchmark premiums," officials said. Those premiums are reported so that taxpayers receive subsidies-as-tax-credits based on their projected income for 2014 and insurance coverage purchased. The mistake means some taxpayers will receive more credit help, while others will receive less than their first forms stated, officials said.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Sarah Eberspacher

Sarah Eberspacher is an associate editor at TheWeek.com. She has previously worked as a sports reporter at The Livingston County Daily Press & Argus and The Arizona Republic. She graduated from Northwestern University's Medill School of Journalism.