Lisa99
Thinks s/he gets paid by the post
- Joined
- Aug 5, 2010
- Messages
- 1,440
I estimated capital gains for 2018 and when I updated our application the subsidy went down as expected.
What I didn't expect was that the insurance plan changed too. Instead of a zero deductible it's now 6,000 per person!
Our income will be $2000 per month until December of next year. So what would happen if I reported a life change next December to incorporate the capital gains?
Other question - if I estimate our income at $30k for exampe, and it ends up being $60k, would we simply be penalized on our taxes? Are there other ramifications? I’d rather pay the tax hit than have a $6k deductible!
What I didn't expect was that the insurance plan changed too. Instead of a zero deductible it's now 6,000 per person!
Our income will be $2000 per month until December of next year. So what would happen if I reported a life change next December to incorporate the capital gains?
Other question - if I estimate our income at $30k for exampe, and it ends up being $60k, would we simply be penalized on our taxes? Are there other ramifications? I’d rather pay the tax hit than have a $6k deductible!