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Question regarding Healthcare. I paid Obamacare monthly but my son is on SSI and had medicaid. He worked part time on "ticket to work" prgm. What does MAGI mean and why?

Forum|Forum|7 years ago
June 4, 2019
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What does "modified" adjusted gross income mean and where do I get that? My son is on SSI and filed a return for the 1st time since he worked part-time on this "ticket to work" pgm just so he could get his fed taxes returned. I claim him as a dependent but why do I need his incomefor my healthcare?

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Best answer by MiriamF

No, you do not need to report his income for Obamacare.

Regulations state that you must include dependents' income only if they are required to file a tax return. SSI and SSDI are not included. In the case of your son, he would be required to file a return only if

His total income exceeded $6,300
His unearned income from investments and trusts exceeded $1,050
His self-employment income (cash earnings or reported on Form 1099-MISC) is $400 or more.

If he is not required to file a tax return, then you need not include his income in your modified AGI.

This web site explains more about what income to include for Obamacare.

M

MiriamFAnswer

Employee

No, you do not need to report his income for Obamacare.

Regulations state that you must include dependents' income only if they are required to file a tax return. SSI and SSDI are not included. In the case of your son, he would be required to file a return only if

His total income exceeded $6,300
His unearned income from investments and trusts exceeded $1,050
His self-employment income (cash earnings or reported on Form 1099-MISC) is $400 or more.

If he is not required to file a tax return, then you need not include his income in your modified AGI.

This web site explains more about what income to include for Obamacare.