The Colorado tax-aide group has published several calculators that AARP National is encouraging us to use. These are also commonly referred to as “Bogart’s tools” after the person who developed them.
First, there’s a simplified method calculator that also handles health care payments for public safety officers. Not only does it calculate the appropriate taxable annuity amount, but you can print the calculation sheet out to include with the taxpayer’s paperwork.
The second calculator is an ACA affordability calculator to help determine whether a taxpayer is exempt from an SRP due to affordability reasons. The only thing to remember is that Massachusetts has a state exchange and the premiums for the lowest cost bronze and second lowest cost silver plans are not found on healthcare.gov, but rather the Massachusetts HealthConnector.
We added links to both calculators and well as links to find the appropriate Massachusetts premiums to the main sidebar — this will provide easy access to the calculators from any page on the website.