Hi. I had almost $29k in income last year, most of which was Social Security. After some Capital Losses and the Standard deduction, the online version calculated my "Income" (I think taxible) at about $2300. Oh, this included $200 in earned revenue and some interest. No taxes were witheld on them.
I am on a Medicare Advantage Program that is an HMO. Social Security pays them directly. I have to pay them a few dollars each month. It shows up on the State Marketplace.
From, the tax tables., I thought I'd ow about $200, but TT calculated about $800. I dug and dug and saw a note about the tax credit, but it didn't make sense to me. I can't seem to find that page.
Could someone please explain why I'd be paying about 31% of my AGI? This makes no sense to me.
