In 2024, Joshua recently graduated from college completing his masters in 3 years, his girlfriend followed him not too long after. Their job did not offer health insurance coverage so they decide to go through the market place.

Joshua and his girlfriend live in a state where you do not have to be married to file taxes together. They were able to get a plan together and start planning their life accordingly and never have to worry about paying back tax penalties because they update their income every 4 months with their agency.

In the year 2021,  Jeff Chambers (64) changed jobs and worked over time to make ends meet. His wife was recovering from a recent surgery that was covered by their marketplace coverage.

His wife received a call reminding John to update his income. If Sandra Chambers (64) would not have answered that call, they would have owed an extra $7,324 in taxes when they filed 2022.

Instead, they were owed $1,203 in a tax refund because they over estimated their income in case Sandra went back to work.**

In 2020, amidst a global pandemic, Andre White— a 62-year-old with health insurance through the marketplace — found himself in an unusual situation. 

With the increase of his apartment rent by $700 per month, he had to pick up a second job to make ends meet. It worked in his favor because he was able to earn an extra $13,567 from his second job alone.

However, when tax season arrived in 2021, John realized he’d forgotten to update his income. He received a call from his CPA that he owed $4,257. If John would have updated his income through the year, he may have avoided this debt.**

In 2023, James (30) married Amber (29) and gave birth to their 1st child together. Since he was self employed, James decide the Affordable Care Act would give the best coverage for his family. 

He contacted his agent and made sure his income was accurate. When tax time came around in 2024, his CPA told him he did everything correctly for his taxes. 

With that being said, they were owed an extra $4,623 in tax refund because of the new addition to the family.**