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Minimum Income to Qualify for Obamacare
Daughter signed up for Obamacare. As we understand she has to have an Adjusted Gross Income of $12160 to qualify, She is a 1099 employee and makes about $15,000 in reported income. She has deductions of about $5,000 between mileage and equipment. From what we read she needs to make $12160 on line 37 of the tax form 1040. So basically does this mean she cannot take all her deductions in order to qualify,.
We are not real clear on all her tax qualifications and hope some one familiar with the tax side of Obamacare can help.
Thanks in advance.
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