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Income limits of Marketplace Health Insurance
I am 62 years old and have a Marketplace health insurance plan and intend to again in 2025. I would like to verify that the Adjusted Gross Income limits (line 11? on 1040) is what is measured for Marketplace benefits. Maximum income quoted was $43,500 in 2024. My wife receives SSI benefits of $22,000 and 2023 returns show an AGI of $7197. I believe I can up this number closer to $43K, without repaying benefits, if I do one or more of the following:
Can I sell a real estate lot with a net profit of $35,000 in 2024?
Can I move investments from a traditional IRA to a ROTH in 2025? And how much?
When would be the best time to start taking Social Security benefits of around $23,000 annually?
I hope you can help and look forward to hearing back from you.
Best regards,
Richard Lamprey
[phone number removed]
[email address removed]