Patricia Lyn
Dryer sheet aficionado
My husband and I are taking our living expenses out of various “buckets” in order to manipulate our MAGI for ACA subsidy purposes, as I’m sure a lot of people on this site are. So as I understand from reading this thread, the cliff no longer applies and we can increase our MAGI over the 68,700 (or whatever it is this year) and pay 8.5% of our MAGI at the most towards our insurance premiums. Is that correct?
So hypothetically, if we wanted to have a MAGI of 100,000, our cap would be
8,500/12 = 708.00 per month at the most?
Would this change take place this year as I understand the OP to indicate? We are struggling to keep our MAGI below the 68,700 this year because we have some spending we need to do and this would really be awesome!
So hypothetically, if we wanted to have a MAGI of 100,000, our cap would be
8,500/12 = 708.00 per month at the most?
Would this change take place this year as I understand the OP to indicate? We are struggling to keep our MAGI below the 68,700 this year because we have some spending we need to do and this would really be awesome!