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dldonald2
New Member

Does the affordable care act use adjusted gross income to determine premiums in Texas

 
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MiriamF
New Member

Does the affordable care act use adjusted gross income to determine premiums in Texas

The ACA uses modified AGI to determine what the premiums should be for health insurance.

The IRS says:

For purposes of the PTC, modified AGI is the AGI on your tax return plus certain income that is not subject to tax (foreign earned income, tax-exempt interest, and the portion of social security benefits that is not taxable). Use Worksheet 1-1 and Worksheet 1-2, later, to determine your modified AGI.

TurboTax will use the information in your tax return to calculate your MAGI for the current tax year.

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