Reporting income expenses

Reporting income expenses

You can subtract some expenses from your income on your Marketplace application.

You can only report:

• Alimony you pay (only if your divorce or separation was finalized before January 1, 2019)

• Interest you pay on a student loan

• IRA contributions (if you don’t have a retirement account through a job)

• Educator expenses (if you’re a teacher and pay for supplies out-of-pocket)

• Health Savings Account (HSA)

  deposits (in limited situations)

  
  

Notice:

If you're self-employed, subtract your tax-deductible expenses when you figure out your net self-employment income to enter on your Marketplace application. The expenses you can subtract are the same tax-deductible items allowed on Schedule C of your IRS 1040 tax return.

These expenses don't count on your Marketplace application. Don't report and don't subtract from your income:

• Charitable contributions

• Child or dependent care expenses

• Child support payments

• Medical expenses

• Mortgage interest

• Moving expenses (except for military moves)

• Property taxes

• State income taxes

• Tuition costs