Submitted by Suspicious-Chance322 t3_zlv6xd in vermont
twdvermont t1_j07q6q0 wrote
Reply to comment by Suspicious-Chance322 in VT Health Insurance question by Suspicious-Chance322
Without knowing exactly how much your income is over the threshold, your tax filing status, or how much you make, it's hard to say exactly what to do.
Here's an example though. Say you make $1K over the threshold. You contribute $1,001 to either your 401(K) or a traditional IRA and your income is now just under the threshold.
There are a ton of caveats to this like how much you make, your tax filing status, and what the contribution limits are. If you aren't a do it yourself numbers person, I would recommend talking to an accountant.
Suspicious-Chance322 OP t1_j07r2pq wrote
Ok I’m going to do just that. Thanks for the thoughtful response.
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