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View Diary: Kitchen Table Kibitzing 10/01/13: ObamaCare or the Affordable Care Act? (113 comments)

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  •  As it turns out, we're right on the brink (7+ / 0-)

    of being priced out of the tax credits. So, if we sign up and then our income rises even just a few thousand dollars this year the tax credits go away, meaning we'd have to pay that back at the end of the year and then pay the much-higher premium the next year.

    We do quarterly estimated taxes but they're set up for the entire year in advance. And the tax credits for insurance premiums are granted now-- they're like having a gift card you use to pay more than half your premium. Estimating wrong could be costly!

    But I'm going to sit back for a couple weeks, see what projections our accountant can give on year to date income comparisons, and make the best call possible. This is always what self-employment has been about and even though it's more complicated I do prefer it.

    Oh, I used to be disgusted
    Now I try to be amused
    ~~ Elvis Costello

    by smileycreek on Tue Oct 01, 2013 at 07:25:42 PM PDT

    [ Parent ]

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