The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: nsmall on January 10, 2021, 10:53:42 PM
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How does health care providers calculate income? I am planning to substitute teach for a little side money, but mainly be living off VTSAX, VTIAX, and the savings account once I FIRE. Not sure if what I claimed for 2020 taxes for example matters? Thank you in advance
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Search for "magi for aca" and you'll find articles like this:
https://www.healthinsurance.org/glossary/modified-adjusted-gross-income-magi/
Notably, the standard-deduction that people take on their taxes, charitable deductions, and mortgage interest deduction aren't included when determining ACA income levels.