Deductions & credits

This is from healthcare.gov. your award is taxable and included in ACA

Your MAGI is the total of the following for each member of your household who’s required to file a tax return:

  • Your adjusted gross income (AGI) on your federal tax return
  • Excluded foreign income
  • Nontaxable Social Security benefits (including tier 1 railroad retirement benefits)
  • Tax-exempt interest

 

  • Income type Include as income:  Federal Taxable Wages (from your job). Tips Self-employment income, Unemployment compensation, Social Security, Social Security Disability Income (SSDI), Retirement or pension Income, Alimony, Child support, Capital gains, Investment income, Rental and royalty income, Excluded (untaxed),  Economic Impact/Stimulus Payments (come from the IRS as a result of the COVID-19 emergency). Gifts, Supplemental Security Income (SSI), Veterans’ disability payments, Worker’s Compensation, Proceeds from loans (like student loans, home equity loans, or bank loans)