Re:HP to cut 25-30k jobs
by taurath on Wednesday September 16, 2015 @05:20PM
(#10229971)
Do they not count the most recent income? What if you get laid off (or even quit) and suddenly have no income, but for the last year you were making a lot?
[ Parent
| on HN ]
The tax credits are calculated on your annual income. So if your income suddenly falls, you have two options:
1 - if you have the savings, just pay the bill and you'll get even with Uncle Sam when you do taxes next year
2 - call obamacare and ask for immediate credits. The credits are based on your annual income, so for example if you got laid off in June you'll get one set of credits for that year, since you had an income for half of it, and larger credits the next year, assuming you still need obamacare and don't have a job.