I’m 23, worked two jobs last year. One was at a pizza shop that was all year round and then I worked on a farm that was seasonal. When I called my marketplace I was eligible for the tax credit, however when I got the second job around May I called back in to fix my annual income. This is where I went wrong. I underestimated how much I’d be making. It was a farm so there weren’t any solidified hours. I guessed what I’d be making and then forgot about it. My assumed income with both jobs was about $28k , I ended up making $35k. I also didn’t understand the tax credit so long story short I ended up having to pay in because of my 1095 form. That’s fine. I understand all that now. Even though I didn’t make a lot with two jobs, I still ended up losing my whole tax return (which would have been around $1500-$1700 before I plugged in my 1095) I had to pay another $800 on top of that. So now I’m anxious. I got a new waitressing job. I’m not sure how well it will go but it’s almost tourist season. I’m worried about making too much again and losing my tax return as well as paying in. I haven’t started yet I’ll be sure to definitely change my annual income but that’s kind of hard to gage with tips. So with that being said, $35k still isn’t a lot of money to be paying in, but where I accepted the help it seems like I need to make sure I stay within the limits of what I put down. Would it be better for me to just find a health insurance and just pay more monthly and then not have to worry about whether or not I’m going over? Or should I just not not have health insurance?
submitted by /u/maryjanescigarette
[link] [comments]I’m 23, worked two jobs last year. One was at a pizza shop that was all year round and then I worked on a farm that was seasonal. When I called my marketplace I was eligible for the tax credit, however when I got the second job around May I called back in to fix my annual income. This is where I went wrong. I underestimated how much I’d be making. It was a farm so there weren’t any solidified hours. I guessed what I’d be making and then forgot about it. My assumed income with both jobs was about $28k , I ended up making $35k. I also didn’t understand the tax credit so long story short I ended up having to pay in because of my 1095 form. That’s fine. I understand all that now. Even though I didn’t make a lot with two jobs, I still ended up losing my whole tax return (which would have been around $1500-$1700 before I plugged in my 1095) I had to pay another $800 on top of that. So now I’m anxious. I got a new waitressing job. I’m not sure how well it will go but it’s almost tourist season. I’m worried about making too much again and losing my tax return as well as paying in. I haven’t started yet I’ll be sure to definitely change my annual income but that’s kind of hard to gage with tips. So with that being said, $35k still isn’t a lot of money to be paying in, but where I accepted the help it seems like I need to make sure I stay within the limits of what I put down. Would it be better for me to just find a health insurance and just pay more monthly and then not have to worry about whether or not I’m going over? Or should I just not not have health insurance? submitted by /u/maryjanescigarette [link] [comments]Read Morer/HealthInsurance