Tax-prep
Level 1
‎12-07-2019
04:45 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
the insurance will determine my payment biased on my income but are they taking AGI $16,000 or $24,000???
Solved! Go to Solution.
1 Solution
Accepted Solutions
Level 15
‎12-07-2019
04:45 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
What kind of insurance company? Is this for the ACA health coverage?
ACA looks at MAGI (modified AGI) which includes all SS income, not just the taxable portion.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
4 Replies 4
Level 15
‎12-07-2019
04:45 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
What kind of insurance company? Is this for the ACA health coverage?
ACA looks at MAGI (modified AGI) which includes all SS income, not just the taxable portion.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Tax-prep
Level 1
‎12-07-2019
04:45 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Marketplace insurance: California
Level 15
‎12-07-2019
04:45 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Yes, Covered CA uses MAGI, so the full 24000 would be your MAGI if that's all the income you have.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Tax-prep
Level 1
‎12-07-2019
04:45 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Thank you so much!