$24,000 in Tax Penalties!?! What self-employed Podcast Editors need to know about the Subsidy Cliff

Self-employed people who get their health insurance through the Marketplace need to know about the ACA subsidy changes in 2026.

Example: Make too much money and you'll have to pay back all the premiums you received for the entire year. For me, that means *$24,000!!!

Sean Mullaney, an Advice-Only Financial Planner, joins us to discuss various ways to control taxable income and ensure you don't go over the cliff and lose all your Premium Tax Credits.

Disclaimer: The discussion is intended for general educational purposes only and is not tax, legal, or investment advice for any individual. Steve and the Podcast Editor Academy do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services.

Key moments:(00:00) Download the free Handout: https://www.PodcastEditorAcademy.com/cliffhandout

(03:41) What are ACA Subsidies and the Premium Tax Credit?

(10:23) Tip #1: Delay Income

(14:22) Tip #2: Accelerate Expenses

(18:37) Tip #3: Contribute to HSA

(24:53) Tip #4: Contribute to Solo 401(k)

(28:25) Tip #5: Similarly, a SEP IRA

(30:14) Tip #6: Deductible Traditional IRAs