Does Estate Payback Subsidies Upon Death?
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If I receive subsidies and when I end up dying does my estate have to pay them back?
If I receive subsidies and when I end up dying does my estate have to pay them back?
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Fred Brandt
if i have $400,000 in my IRA and pass away, is there a separate tax due from Obama Care?
ObamaCareFacts.com
There isn’t a specific ObamaCare tax that we know of (but we aren’t experts, we just reference the law and updates to the law that we are aware of). General tax rules apply and current rates apply. So does the ACA affect rates, yes, does the ACA have a provision that goes after IRA’s, not specifically to my knowledge. Here is a link on how distributions work and some more facts on IRA’s and estates.
https://obamacarefacts.com/questions/do-distributions-from-iras-count-as-income-for-subsidies/
http://www.bankrate.com/finance/retirement/ways-to-go-wrong-with-inherited-ira-1.aspx