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MISC INCOME FOR HEALTHCARE.GOV

Healthcare.gov has a $1200 per month($14,400 annual income) income requirement for credit. How do I show Misc income from me for odd jobs in my 86 year old mother's tax return? She does not have any other income. Healthcare.gov needs my mother. to file return showing the $14,400 annual income?

 

Thanks,

Amit

 

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2 Replies
KarriC
Employee Tax Expert

MISC INCOME FOR HEALTHCARE.GOV

Your mother's tax return will only report income your mother has.

Your tax return will report income you have.


Only report what is true and correct.

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KarriC
Employee Tax Expert

MISC INCOME FOR HEALTHCARE.GOV

I wanted to also follow up with telling you HOW to report your income on your tax return.
You will need to report your odd job income on a Schedule C. You will also be able to deduct expenses for your work on the Schedule. After reporting your odd job income and expenses, TurboTax will calculate any self-employment tax that you need to pay (this covers your Social Security and Medicare taxes so you'll have more credit banked in Social Security).

 

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