Subnostr

My tax bill was 3x what I expected...and no, I did not sell any of my stack.

- We did the health insurance marketplace since self-employed

-They provided a subsidy based upon our income (although I raised concerns about this possibility when working with their consultant)

- We made more money from a couple extra income streams

- Tax code had us pay back almost the entire subsidy for a product I didn't want in the first place. We do not use health insurance!

In fact, in 2023 we used both the insurance marketplace AND nostr:npub1q7xqc79rteknhs5s4rsqju2yu8tuguvptu373napkzptsz65yn2qz590jl. I wanted to just use CrowdHealth, but my wife was a little skittish to go completely away from insurance. Good news is that we DID just choose CrowdHealth in 2024...so no tax surprises in next year's taxes.

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Discussion

Purp1eOne 1y ago

Our tax bill went up as well and we had a big loss that we didn't have last year and our wage increases didn't keep up with inflation. Wasn't expecting to owe anything with the loss but.....

BitcoinBadger 1y ago

I expected to owe some because of the new income streams with no taxes taken out (early withdrawal from IRA via 72t and rental income). But I had money set aside to cover it (even though I would have been pissed at the theft).

But the insurance subsidy...for catastrophic, high deductible insurance we didn't use...yeah, that blindsided me.