Your household includes only the people you will include on your taxes such as a spouse, dependents etc.<\/p>\n<\/div>\n
Plus, Marketplace savings are based on total household income, not the income of only household members who need insurance. When you apply, you can indicate which household members need coverage.<\/p>\n<\/div>\n
Your Modified Adjusted Gross Income is the total of the following for each member of your household who\u2019s required to file a tax return:<\/p>\n<\/div>\n
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Your adjusted gross income (AGI) on your federal tax return<\/p>\n<\/div>\n<\/li>\n
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\nExcluded foreign income<\/p>\n<\/div>\n<\/li>\n
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\nNontaxable Social Security benefits<\/p>\n<\/div>\n<\/li>\n
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\nTax-exempt interest<\/p>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n
\nMAGI does not include Supplemental Security Income (SSI)<\/p>\n<\/div>\n
\nHere is a breakdown of common types of income you will want to either include or not include:<\/p>\n<\/div>\n
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\nFederal Taxable Wages (from your job)<\/b><\/p>\n<\/div>\n\nS\u00ed<\/p>\n<\/div>\n
\nIf your pay stub lists \u201cfederal taxable wages,\u201d use that. If not, use \u201cgross income\u201d and subtract the amounts your employer takes out of your pay for child care, health insurance, and retirement plans.<\/p>\n<\/div>\n
\nTips<\/b><\/p>\n<\/div>\n
\nS\u00ed<\/p>\n<\/div>\n
\nSelf-employment income<\/b><\/p>\n<\/div>\n
\nS\u00ed<\/p>\n<\/div>\n
\nInclude \u201cnet self-employment income\u201d you expect \u2014 what you\u2019ll make from your business minus business expenses. Note:You\u2019ll be asked to describe the type of work you do. If you have farming or fishing income, enter it as either \u201cfarming or fishing\u201d income or \u201cself-employment,\u201d but not both.<\/p>\n<\/div>\n
\nUnemployment compensation<\/b><\/p>\n<\/div>\n
\nS\u00ed<\/p>\n<\/div>\n
\nSocial Security<\/b><\/p>\n<\/div>\n
\nS\u00ed<\/p>\n<\/div>\n
\nInclude both taxable and non-taxable Social Security income. Enter the full amount before any deductions.<\/p>\n<\/div>\n
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