Submitted by erock255555 t3_10gd3y6 in Pennsylvania
My household sits at just about 151 percent as compared to my counties average income. My understanding of the Inflation Reduction Act is that if I made around $2k dollars less per year, I would be at 150 percent and then qualify for $8k instant rebate on the heat pump I am about to purchase as well as a multitude of other things that it appears you qualify for if you are at 150 percent household income or less. I'm trying to navigate HUD legalese and other federal documentation on how average household income is calculated per county and I'm coming up with no way of reducing it outside of asking for a direct pay cut. My job is salaried so it isn't like I can just pick up less hours. Does anyone have any idea about navigating something like this or am I shit outta luck by making $2k too much? I understand the cutoff has to be somewhere but it is a bit frustrating that I'd be financially better off if I made a bit less. I also find it strange that they do this by household and not factoring in dependents at all. Someone making $2k less than me but living alone would qualify while I do not supporting a family of five.
flaaaacid t1_j520gu2 wrote
Is your 401k already maxed out at 22,500? If not, contribute more. That comes off your MAGI.