GAPYEARS INCOME PLANNER
One year. A more connected view.
Explore annual income modeling, federal income tax estimates, ACA healthcare costs, Roth conversion opportunities, and scenario comparisons in the live GapYears Income Planner.
ONE YEAR. CONNECTED DECISIONS.
An annual scenario, in context.
Explore income choices alongside federal income taxes and healthcare costs. These made-up values explain the concepts; they are not results from the application.
Example annual inputs
- Part-time earnings
- $24,000
- Taxable traditional IRA withdrawal
- $18,000
- Interest income
- $2,000
- Income before conversion
- $44,000
- Taxable Roth conversion
- $10,000
A conversion moves money between accounts; it is not additional spending cash.
What connects the decisions?
- Illustrative modified adjusted gross income (MAGI)
- $54,000
Simplified example: $44,000 of income plus a $10,000 taxable conversion, assuming no adjustments or other MAGI additions. Actual tax and ACA definitions and household circumstances matter.
- Federal income taxes Income sources and taxable conversions affect estimated federal income taxes only. State income taxes and payroll/self-employment taxes are not currently modeled.
- ACA healthcare costs Household MAGI can affect premium tax credit eligibility and net premiums, alongside other eligibility rules.
- Annual tradeoffs Compare estimated federal income taxes, net healthcare costs, and overall annual financial outcomes across scenarios.
No calculated results shown. This website does not calculate tax, premiums, credits, savings, or recommendations. The example does not identify an optimal conversion amount.
What the application helps you explore
- Income from different sources. Bring annual income choices into one scenario.
- Estimated federal income taxes. Explore estimated federal income taxes only. State income taxes and payroll/self-employment taxes are not currently modeled.
- ACA healthcare costs. Explore health insurance premiums and premium tax credits alongside income.
- Roth conversion opportunities. Explore how taxable conversions interact with taxes and healthcare costs.
- Investment gains and losses. Explore standard capital gains and allowable losses in annual income and ACA MAGI.
- Scenario comparison. Compare overall estimated annual financial outcomes and tradeoffs.
A focused starting point
The Income Planner currently focuses on annual income planning. It does not provide comprehensive multi-year retirement projections, portfolio longevity calculations, or Social Security optimization. It also does not provide state/local income tax calculations, payroll/self-employment tax calculations, complete tax-return preparation, or full health insurance eligibility determinations.
Ready to explore your own scenario?
Launch the GapYears Income Planner at app.gapyearslab.com. It runs independently from this website and opens in the same tab.
No financial inputs are collected and no personalized estimates are generated here. Actual estimates depend on the application’s assumptions, supported rules, and your circumstances.