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bogwan1
New Member

Obamacare first 5 monthes then medicare for the rest of year, will the IRS include the income made while on medicare in to determine subsidies while on obamacare?

 
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ChristinaS
Expert Alumni

Obamacare first 5 monthes then medicare for the rest of year, will the IRS include the income made while on medicare in to determine subsidies while on obamacare?

Yes. Your Premium Tax Credit is based on your entire 2016 tax return and your total 2016 income.

While you can receive Medicare for having lower income during some months, Obamacare subsidies look at your entire year. No portion of the year stands on its own.

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1 Reply
ChristinaS
Expert Alumni

Obamacare first 5 monthes then medicare for the rest of year, will the IRS include the income made while on medicare in to determine subsidies while on obamacare?

Yes. Your Premium Tax Credit is based on your entire 2016 tax return and your total 2016 income.

While you can receive Medicare for having lower income during some months, Obamacare subsidies look at your entire year. No portion of the year stands on its own.

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