You can deduct some expenses from your income on your Marketplace application.
FYI
The Marketplace uses only some deductions to determine the coverage and savings you're eligible for.
- We ask you to enter only the deductions the Marketplace uses.
- Don't enter any deductions you’re not asked about, like mortgage interest or charitable gifts.
What deductions should I enter?
Use the table below to see if you have any deductions you should enter. If you do, select them from the drop-down menu in the application and enter the amount and how often you have those expenses. The deductions you can enter here are the adjustments to income listed on Schedule 1 of a 1040 tax return.
Report these expenses | DON'T report these deductions |
---|---|
Alimony paid (only if your divorce or separation was finalized before January 1, 2019) | Charitable contributions |
IRA contributions (if you don’t have a retirement account through a job) | Child or dependent care expenses |
Educator expenses (if you’re a teacher and pay for supplies out-of-pocket) | Child support payments |
Student loan interest | Medical expenses |
Health Savings Account (HSA/HRA) deposits | Mortgage interest |
Moving expenses (except for military moves) | |
Property taxes | |
State income taxes |
|
Tuition costs (if you pay the costs out-of-pocket) |