We’re on social security. We no longer have to pay income tax, but we certainly get nothing back.
One of us is on Social Security + Medicare; the other on a modest pension + under-65 medical insurance. Other than that we have interest income for 2018. 85% of that Social Security is taxed. We're looking at a several thousand dollar federal tax bill next year. We also don't qualify for any ACA subsidy, so the under-65 medical insurance comes at a steep cost. We're looking at a $450-700 tax increase over the current tax system in 2018 in addition to increase medical premiums with the under-65 medical insurance. We are so delighted right now reading about these stories. /s