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Treasury issues reprieve for health law tax errors

WASHINGTON — Taxpayers who’ve filed their 2014 returns only to learn that the government provided them with erroneous information on health care subsidies won’t be required to submit corrected returns, the Treasury Department said Tuesday.

The decision amounts to a reprieve from paperwork headaches for an estimated 50,000 early filers, out of a pool of some 800,000 HealthCare.gov customers affected by a tax reporting goof disclosed last week.

The majority who haven’t yet filed their tax returns are still being urged to wait until they received corrected information from the federal Health and Human Services department.

The announcement means those who have filed would save time, effort and any additional tax preparation fees for correcting returns with erroneous details. “The IRS will not pursue the collection of any additional taxes from these individuals based on updated information in the corrected forms,” said the Treasury statement.

A Treasury official said the government determined the errors are not significant enough to require taxpayers to refile returns already submitted.

Some of the mistakes favor the government, while others favor the taxpayer. Treasury officials believe it’s basically a wash.

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