PaunchyPirate
Thinks s/he gets paid by the post
Thank you for the information. I'll bring to attention of my tax preparer. Clearly they don't make this information easy to know for someone with unpredictable income. My tax prep guy is a cpa and he's known my situation. It seems that the ACA system is geared to those with pensions and/or predictable income.
I live in Pennsylvania. For 2 years I had to use the federal exchange. Then PA started their own exchange, which I’m now using for the 2nd year. For 3 of those 4 years, my entire income has been from dividend & cap gains distributions and interest. I have no pension. My income has varied over the 4 years. I make a reasonable estimate each year based on the previous year’s values. I’ve never had an issue. One year I estimated mid $40k income. In December of that year, I decided to sell a lot of investments to accomplish something I wanted to do and my income went up to $200k. The only issue was that I had to repay the subsidy that I had been getting all year. This was done at tax time reconciliation. The Next year, I went back to estimating in the mid $40k range. I’ve been within $5k of my estimate in the other 3 years.