![]() It’s nearly impossible to do with any precision, but the calculator should reflect the so-called ObamaCare cliff at 400% of poverty line.įor people who pay their own ObamaCare premiums, especially older people, the consequences of the ObamaCare cliff are enormous. * subtracts Taxcaster’s estimated tax payments to arrive at federal tax liability with $0 withholdings. For simplicity, I assume all kids are under 16. Here is the validation of my spreadsheet against Taxcaster for a bunch of scenarios. If you cared to hack the EITC, here’s how you should target your taxable income: Kids
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