Changing Jobs, Will Get 1099 instead of W2, Can I Get ObamaCare Coverage?
I am currently employed full-time with a large company and I have full health coverage. I am considering a new job and will be on a 1099 instead of a W-2. My taxable income on my 2013 income tax, line 27 is $34,549. Am I eligible for a federal subsidy if I continue my current insurance with COBRA?
Your cost assistance amount as 1099-er is based on projected income for the upcoming year. Based on last years projections you qualify. Consider only taking part of the credit up-front if you are unsure as to what your income will be.