For the past few years, we are using ACA as our health insurance. We keep our income low to maximize the subsidy. We do about $20,000 Roth conversion and collect another $10,000 income/dividend as income.
Right now, we have about $20,000 worth of receipts we can use to withdraw from HSA account. Though that is a non-tax event for federal, it is taxable for California. But, is this action also counted as income for ACA?
If that is the case, we will then stop Roth conversion this year, and simply use HSA withdrawal as the ACA income.
Right now, we have about $20,000 worth of receipts we can use to withdraw from HSA account. Though that is a non-tax event for federal, it is taxable for California. But, is this action also counted as income for ACA?
If that is the case, we will then stop Roth conversion this year, and simply use HSA withdrawal as the ACA income.