Vlookup and hlookup combination

[leopardhawk]

Hello forum friends,

I am using Excel 2016, XLOOKUP is not an option for me (I think).

I have a worksheet that is linked to a website where the actual location of the data returned 'might' change over time. The formula I am currently using is INDEX/MATCH (embedded within a CONCATENATE) which has worked fine up to this point but the data I am accessing recently moved upwards by five rows (currently in row 68) and this has created a problem for me because the data was in row 73. The formula looks like this:

=CONCATENATE("The " &YEAR(TODAY())&" OAS Recovery Tax minimum threshold is "&TEXT(INDEX(oas_web!B73:G73,MATCH(YEAR(TODAY()),oas_web!B39:G39,0)),"$#,##0.00")&".  If your net income is below this amount, the tax will not apply to you.")

To solve this, I believe a combination of VLOOKUP and HLOOKUP might work better however, I can't seem to get the syntax right and I am hoping someone can help. The data I am retrieving from the web is what you see below:

Book1
	A	B	C	D	E
39	Description	2020	2019	2018	2017
40	Indexation increase	1.90%	2.20%	1.50%	1.40%
41	Tax bracket thresholds
42	Taxable income above which the 20.5% bracket begins	48,535	47,630	46,605	45,916
43	Taxable income above which the 26% bracket begins	97,069	95,259	93,208	91,831
44	Taxable income above which the 29% bracket begins	150,473	147,667	144,489	142,353
45	Taxable income above which the 33% bracket begins	214,368	210,371	205,842	202,800
46	Amounts relating to non-refundable tax credits
47	Basic personal amount	12,298	12,069	11,809	11,635
48	Age amount	7,637	7,494	7,333	7,225
49	Net income threshold for age amount	38,508	37,790	36,976	36,430
50	Spouse or common-law partner amount (maximum)	12,298	12,069	11,809	11,635
51	Spouse or common-law partner amount (maximum if eligible for the Canada caregiver amount for a dependent)	14,571	14,299	13,991	13,785
52	Amount for an eligible dependant (maximum)	12,298	12,069	11,809	11,635
53	Amount for an eligible dependant (maximum if eligible for the Canada caregiver amount for a dependent)	14,571	14,299	13,991	13,785
54	Canada caregiver amount for children under age 18	2,273	2,230	2,182	2,150
55	Canada employment amount (maximum)	1,245	1,222	1,195	1,178
56	Canada caregiver amount for other infirm dependants age 18 or older (maximum amount)	7,276	7,140	6,986	6,883
57	Net income threshold for Canada caregiver amount	17,085	16,766	16,405	16,163
58	Disability amount	8,576	8,416	8,235	8,113
59	Supplement for children with disabilities (maximum)	5,003	4,909	4,804	4,733
60	Threshold relating to allowable child care and attendant care expenses	2,930	2,875	2,814	2,772
61	Adoption expenses (maximum per adoption)	16,563	16,255	15,905	15,670
62	Medical expense tax credit (3% of net income ceiling)	2,397	2,352	2,302	2,268
63	Refundable medical expense supplement
64	Maximum supplement	1,272	1,248	1,222	1,203
65	Minimum earnings threshold	3,714	3,645	3,566	3,514
66	Family net income threshold	28,164	27,639	27,044	26,644
67	Old age security repayment
68	Old age security repayment threshold	79,054	77,580	75,910	74,788
69	Certain board and lodging allowances paid to players on sports teams or members of recreation programs
70	Income exclusion (maximum per month)	373	366	359	353
71	Tradesperson’s tools deduction
72	Threshold amount relating to cost of eligible tools	1,245	1,222	1,195	1,178
73	Canada training credit (CTC)Footnote 1
74	Minimum working income threshold	10,000
75	Maximum net income	147,667
76	Goods and services tax/harmonized sales tax credit
77	Adult maximum	296	290	284	280
78	Child maximum	155	153	149	147
79	Single supplement	155	153	149	147
80	Phase-in threshold for the single supplement	9,590	9,412	9,209	9,073
81	Family net income at which credit begins to phase out	38,507	37,789	36,976	36,429
82	Tax-free savings account
83	Annual TFSA dollar limit Footnote 2	6,000	6,000	5,500	5,500
84	Lifetime capital gains exemption for qualified farm or fishing property and qualified small business corporation shares Footnote 3
85	Exemption limit	883,384	866,912	848,252	835,716
86	Deduction limit (since ½ of the capital gain is taxable)	441,692	433,456	424,126	417,858
87	Additional exemption amount for qualified farm or fishing property	116,616	133,088	151,748	164,284
88	Additional deduction amount for qualified farm or fishing property (since ½ of the capital gain is taxable)	58,308	66,544	75,874	82,142
89	Canada child benefit (CCB) Footnote 4
90	CCB (base benefit, child under age 6)	6,765	6,639	6,496	6,400
91	CCB (base benefit, child aged 6 to 17)	5,708	5,602	5,481	5,400
92	Adjusted family net income at which phase out begins	31,711	31,120	30,450	30,000
93	Second phase out threshold	68,708	67,426	65,975	65,000
94	Base phase out amount for one eligible child	2,590	2,541	2,487	2,450
95	Base phase out amount for two eligible children	4,995	4,901	4,796	4,725
96	Base phase out amount for three eligible children	7,029	6,898	6,750	6,650
97	Base phase out amount for four or more eligible children	8,509	8,351	8,171	8,050
98	Child disability benefit (CDB)
99	Maximum benefit	2,886	2,832	2,771	2,730
100	Family net income threshold for phase out	68,708	67,426	65,975	65,000
oas_web

So, what I need is a formula that can look at this data and return what is currently in C68 (77,580) because the current year is 2019. On January 1, 2020, the formula would return what is currently in B68 (79,054). Both the column and the row could change over time and this is why I need a formula that can find the data I need. It is extremely unlikely that the wording that is currently in A68 (Old age security repayment threshold) will ever change.

Let me know if you need any further information. Thanks in advance to anyone who can help me take this one on!

 

[Fluff]

You're welcome & thanks for the feedback

 

[leopardhawk]

Hi Fluff, I have able to use your formula successfully as a template on a couple of others but on this one, I am getting the error "You've entered too few arguments for this function". The table I am accessing is called OAS_GIS_web and it's shown below the formula that is giving me the error. The amount I am trying to return is in B3 (613.53). I tried it with and without the double quotes around the "Regardless..."

=INDEX(OAS_GIS_web[Maximum monthly payment amount],MATCH("Regardless of your marital situation"),OAS_GIS_web[Your situation],0))

Book1
	A	B	C
1	Your situation	Maximum monthly payment amount	Maximum annual income to receive the OAS pension Footnote 1
2	Old Age Security (OAS) pension	Old Age Security (OAS) pension	Old Age Security (OAS) pension
3	Regardless of your marital status	613.53	$126,058 (individual income)
4	Guaranteed Income Supplement (GIS) amounts for individuals receiving a full Old Age Security (OAS) pension.	Guaranteed Income Supplement (GIS) amounts for individuals receiving a full Old Age Security (OAS) pension.	Guaranteed Income Supplement (GIS) amounts for individuals receiving a full Old Age Security (OAS) pension.
5	If you are a single, widowed or divorced pensioner	916.38	$18,600 (individual income)
6	If your spouse/common-law partner receives the full OAS pension	551.63	$24,576 (combined income)
7	If your spouse/common-law partner does not receive an OAS pension	916.38	$44,592 (combined income)
8	If your spouse/common-law partner receives the Allowance	551.63	$44,592 (combined income)
Sheet2

 

[Fluff]

You've got an extra bracket in there that doesn't belong, you need to remove it
"Regardless of your marital situation"),OAS_GIS_web

 

[leopardhawk]

I must be getting tired... Thank you SO much! I also realized that I had another typo in the formula... "Regardless of your marital situation" instead of "Regardless of your marital status" Thanks for your guidance and help!

 

[Fluff]

My pleasure

 

[leopardhawk]

Fluff, hopefully, the last question related to your original formula. In the table below, we have successfully written two formulas that return the amounts that are currently in B3 and B5. I thought it would be easy to combine these two formulas in a SUM formula to add those two amounts together using the same logic, but my attempt at a formula returns $0.00 when it should return $1529.91. Can you help? Thanks!

=SUM(INDEX(OAS_GIS[Maximum monthly payment amount],MATCH("Regardless of your marital status",OAS_GIS[Your situation],0)),INDEX(OAS_GIS[Maximum monthly payment amount],MATCH("If you are a single, widowed or divorced pensioner",OAS_GIS[Your situation],0)))

Book1
	A	B	C
1	Your situation	Maximum monthly payment amount	Maximum annual income to receive the OAS pension Footnote 1
2	Old Age Security (OAS) pension	Old Age Security (OAS) pension	Old Age Security (OAS) pension
3	Regardless of your marital status	613.53	$126,058 (individual income)
4	Guaranteed Income Supplement (GIS) amounts for individuals receiving a full Old Age Security (OAS) pension.	Guaranteed Income Supplement (GIS) amounts for individuals receiving a full Old Age Security (OAS) pension.	Guaranteed Income Supplement (GIS) amounts for individuals receiving a full Old Age Security (OAS) pension.
5	If you are a single, widowed or divorced pensioner	916.38	$18,600 (individual income)
6	If your spouse/common-law partner receives the full OAS pension	551.63	$24,576 (combined income)
7	If your spouse/common-law partner does not receive an OAS pension	916.38	$44,592 (combined income)
8	If your spouse/common-law partner receives the Allowance	551.63	$44,592 (combined income)
Sheet2

 

[Fluff]

That formula looks fine to me. It maybe that the values in col B are text, rather than numbers.
You could try

=SUM(--INDEX(OAS_GIS[Maximum monthly payment amount],MATCH("Regardless of your marital status",OAS_GIS[Your situation],0)),--INDEX(OAS_GIS[Maximum monthly payment amount],MATCH("If you are a single, widowed or divorced pensioner",OAS_GIS[Your situation],0)))

Note the two - signs before each index

 

[leopardhawk]

Works perfectly! Why would the two -- make a difference?

Thanks Fluff!

 

[Fluff]

They convert a number stored as text into a number.