CountingDown2014
Dryer sheet aficionado
- Joined
- Jan 4, 2014
- Messages
- 31
We didn't qualify for a 2021 Obamacare subsidy based on our estimated 2021 income but, upon reflection with interest rates as low as they are, it looks like there is a decent chance that we will qualify for an Obamacare tax credit for 2021. Since we'll probably be close to the ACA cliff and my spouse will be converting to Medicare in the middle of 2021, I'd still prefer not to take a subsidy and wait until I file our 2021 taxes to see if we qualify for a credit, but I just wanted to confirm that not taking any subsidy in 2021 won't affect our ability to take a tax credit if our income ends up being below 4x FPL. I BELIEVE this is the case but just wanted to double-check because my only experience in taking the tax credit has been when we are reconciling premium subsidies. Thanks!