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Get your taxes done using TurboTax
Hi, Kaytlyn27,
Thanks for reaching out and best wishes on your life together! I think you are referring to the Affordable Care Act requirement that, in order to be eligible for a premium tax credit, you need to file a joint federal income tax return in the year you want coverage (unless you meet one of the exceptions). Nice researching!
When you file your taxes using the Married Filing Jointly status, you will each enter your own income into that single tax return. Each self-employed business will have it's own Schedule C (Profit or Loss from a Business-Sole Proprietorship) as well. It's perfectly fine to have multiple Schedule C's and multiple W-2's in a single return and you can even have that in a single person's tax return if they have multiple business types. TurboTax also asks you for these forms which person the business (or job) relates to, so you don't need to worry!
Since you have self-employment, I also like to make sure folks are aware of the possible requirement to pay Self-Employment Taxes quarterly. This article gives you more information about that and you can always come back here and post more questions!
Please cheer with a thumbs up below if this article helps!
Regards,
Karen
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