Healthcare

Reporting income deductions

Share:

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)

 


Loading