I receive about $500 advance premium tax credit through ACA every month for my health insurance, and pay a $45 out of my own pocket. Self-employed, single.
- Do these advance premium tax credits count toward my self-employed income on Schedule C?
- If not, do they count toward my adjusted gross income?
I know they will need to be reported in some way on my 2023 taxes (will let the software handle that). I am just needing to know if they need to be accounted for in my quarterly estimated tax payments. They'll make quite a substantial difference in my income if they have to be included.
