PhxSunsFan
Guru
- 594
I remember someone posting that there will be a max that the IRS can clawback... amyone know these #s for single and family for 2014 plans?
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I remember someone posting that there will be a max that the IRS can clawback... amyone know these #s for single and family for 2014 plans?
The clawback rules were amended as a part of the repeal of the 1099 provisions. The amended maximum amounts of the clawback are:
$600 for those with incomes of less than 200% of FPL
$1500 for those with incomes of 200%-300% of FPL
$2500 at 300 to 400% of FPL
and no cap to the clawback for those above 400% of FPL.
I believe it is half that amount for a single person, if I remember correctly.