So... I just turned 16 and am very eager for a job. I don't get much opportunities to make money irl :( and right now have only $2 and 50 cents (I know ~ I'm rolling in dough). However, because I'm very close to finishing school and getting ready for college in two years, I just now realized how important money is and why I should probably be saving up some instead of frolicking in the fields.
I talked to my mother about getting a job either during this month or next year, but she heavily argued that I shouldn't because if I were to, the added income from me could make the whole house ineligible for Medicaid (NY). I started digging into this and found that as long as my income stays below the threshold limit for tax filing, I theoretically should be good and won't effect my family's Medicaid as my income won't count into the household income... right?
For more context; I live in NYS, my house consists of 7 people, two of which who work. Individually making $24,000 and about $40,000 annually, which is $64,000 a year. I searched it up and we're actually slightly above the income limit for a seven people household but my mom did say that Medicaid substantially lessened our benefits but still kept us insured.
Oh! And also, is this legal? Purposely having a low income to avoid filing taxes and therefore avoiding Medicaid counting it. I don't want to talk my employer and explain why I want to have a lower income than they offered just to be met with "I'm sorry son, but I have to report you to the IRS."
PLEASE!!! Help me out, I literally have no one else to go to and it's very sad I know but... wait no it's just sad. Also I'm very new to the financial world, so very huge chance I messed up some stuff I typed, and there could be more to this than I thought. I'd very much appreciate it if you help me through this and answer my questions.
Thank you.
Respectfully, I am in tears,
Submitted December 01, 2021 at 08:12PM by Turbulent_Future5744 https://ift.tt/3xJDBMQ
