Scholarship and fellowship payments for tuition and fees and course-related expenses required of all students are not counted as income in determining your eligibility. Payments for room and board are included.
Worker’s compensation payments are generally not taxable, so they would not be counted in determining your eligibility.
No. Cash inheritances are not counted.
For divorces after December 31, 2018, alimony payments are no longer deductible for the paying spouse and alimony is not included as income for the recipient spouse.
For pre-2019 divorces, old tax rules apply. The paying spouse can deduct alimony payments from income and the recipient spouse must report alimony payments as income on the federal tax return. However, divorced couples have the option of modifying their pre-2019 divorce agreement to adopt the new tax rules.
No, child support payments you receive are not counted.
Yes, all of your Social Security benefits will be counted as income in determining your eligibility.
Eligibility for premium tax credits is based on your Modified Adjusted Gross Income, or MAGI. When you file a federal income tax return, you must report your adjusted gross income (which includes wages and salaries, interest and dividends, unemployment benefits, and several other sources of income.) MAGI modifies your adjusted gross income by adding to it any non-taxable Social Security benefits you receive, any tax-exempt interest you earn, and any foreign income you earned that was excluded from your income for tax purposes.
Note that eligibility for Medicaid and CHIP is also based on MAGI, although some additional modifications may be made in determining eligibility for these programs. Contact your Marketplace or your state Medicaid program for more information.
No, your income is too low to qualify for premium tax credits.
No, assets are not counted. So the value of your house, car, retirement savings, etc. will not affect your eligibility for premium tax credits. Only your income is considered.
Premium tax credits are available to people who buy Marketplace coverage and whose income is between 100% and 400% of the federal poverty level.