This is interesting - can you explain this a bit more please? Does this mean you can deduct the cost of ACA insurance off of your MAGI? Do you need to add the previous year's subsidy back when you calculate your taxes?Even though I do qualify for some subsidy, my accountant suggested I not take it up front. I pay the total monthly amount up front so that I can deduct it which lowers my MAGI. I then get a bigger subsidy when I file my taxes.
Statistics: Posted by Saving$ — Sat Oct 19, 2024 1:44 am