Hello! I’m a freelancer shopping for marketplace insurance. With the pandemic, it’s hard to estimate what my income this year will be. In years past, I’ve always made less than 400% FPL, and I don’t anticipate that changing this year.
My question is, if I estimate I make $X and then actually make more or less than that, but still under 400% FPL, what happens at tax time? Do I owe if my income is more than I estimated? Do I get money back if it’s less?
Thanks in advance for any help or info!
submitted by /u/ClosetHottie
[link] [comments]
Hello! I’m a freelancer shopping for marketplace insurance. With the pandemic, it’s hard to estimate what my income this year will be. In years past, I’ve always made less than 400% FPL, and I don’t anticipate that changing this year. My question is, if I estimate I make $X and then actually make more or less than that, but still under 400% FPL, what happens at tax time? Do I owe if my income is more than I estimated? Do I get money back if it’s less? Thanks in advance for any help or info!
submitted by /u/ClosetHottie [link] [comments]Read Morer/HealthInsurance