Calculate Income

When you apply for financial help, you’ll need to estimate your income for the year you want health coverage to see if you qualify for lower costs.

Calculate your income with a tax return

If you filed a tax return last year and have not had any significant changes in your household size or income this year, use this form.

Calculate your income without a tax return

Use this form if any of these apply to you:

You did not file a tax return last year.
You work part-time or seasonally.
You expect a change in your household size this year (such as marriage, divorce, or a birth or adoption).
You expect a change in income, such as loss or gain of a job, or retirement.

Include these sources of income:

Wages, salaries, and tips
Net income from any self-employment or business (generally the amount of money you take in from your business minus your business expenses)
Unemployment compensation
Social Security benefits, including Social Security disability (even if the payments are not taxed by the IRS), retirement (including railroad retirement), or survivors benefits each month. These do not include Supplemental Security income (SSI).
Retirement income, including veterans retirement payments
Investment income
Pension income
Net rental income (gross rental income minus IRS-allowed expenses)
Other taxable income such as prizes and awards
Gambling winnings (gambling losses are an itemized deduction and do not reduce the winnings)
Cancellation of debt such as credit card debt, with some exceptions; note that beginning tax year 2018, student loan debt cancelled due to death or permanent and total disability of student is NOT income
Some legal settlements if they are not for physical injury, sickness, or emotional distress
Some disability insurance benefits
Inherited individual retirement account (IRA) distributions
Conventional IRA and/or retirement income distributions
Sale and/or abandonment of rental property
401K loan balance after leaving employer and not paying the loan
Distributions from tax-deferred annuities (calculated by the financial institution)
Airbnb income if space is used more than 15 days per year
Scholarships and grants in excess of the cost of tuition, fees, books, and supplies.
One-time lump sums received in a given month are counted toward monthly income in the month received. Lottery winnings of $80,000 or more in a single payout are spread over 2 or more months. If the lump sums are repeated based on more than one withdrawal from an existing account (such as a retirement or savings account), all withdrawals in a calendar year should be totaled and then divided by 12 to determine the amount counted toward monthly income. When calculating annual income, all lump-sum amounts or withdrawals should be included if they would otherwise be included as income.

Don't include these:

Child support
Gifts
Supplemental Security Income (SSI)
Veterans’ disability payments
Workers’ compensation
Proceeds from loans (like student loans, home equity loans, or bank loans)
Scholarship and fellowship payments for tuition and fees and course-related expenses required of all students
Social Security Disability benefits received by dependents under the age of 19

Income deductions you may claim:

You also may subtract these deductions from your household income, if they are not already subtracted from the amount you list as income.

Student loan interest you pay, as reflected on the 1098-E Student Loan Interest Statement
Educator expenses if you’re a teacher and pay for supplies out-of-pocket
Contributions to your individual retirement account if you don’t have a retirement account through a job

Limits on the deductions you may claim:

Deduction Type	Limit
Alimony paid	Amount deducted should not exceed total income. Divorce decrees or separation agreements finalized or modified after Dec. 31, 2018 are NOT deductible.
Certain business expenses of reservists, performing artists, and fee-basis government officials	Amount deducted should not exceed total income
Deductible part of self-employment tax	Amount deducted should not exceed 7.65% of annual income
Domestic Production activities deduction	Amount deducted should not exceed 9% of annual income
Student loan interest paid	Generally, the amount an applicant may deduct is the lesser of $2,500 or the amount of interest the applicant actually paid. See 1098-E Student loan interest statement.
Health savings account deduction	$3,350 if a single-person household $6,650 for family coverage
Moving expenses if the applicant is moving to live much closer to their job	Amount deducted should not exceed total income. For tax years 2018-2025, moving expenses are deductible ONLY for active duty members of military.
Penalty on early withdrawal of savings	Amount deducted should not exceed total income
Contributions to an individual retirement account if the applicant doesn’t have a retirement account through a job
Self-employed health insurance deduction	Amount deducted should not exceed total income
Tuition costs for school if the applicant pays for the costs out-of-pocket and deducts them on their tax return on line 34	Amount deducted should not exceed total income

Calculate Income

Calculate Income

Calculate Income

Calculate Income

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