Do You Know What Your Modified Gross Income is?

If not, 76800058no ObamaCare subsidy for you.

[Y]our “adjusted gross income”…can be found on line 37 of your 1040 tax return form. But it requires that you add back certain items like nontaxable Social Security income, tax-exempt interest and foreign-earned income…

The figure also includes income from items like dividends, interest, real estate and retirement account withdrawals. (More)

Comments (11)

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  1. CBrady says:

    Glad they made it easy…

  2. Buster says:

    Why doesn’t the application process just say if you have other income besides wages, you probably won’t qualify for a subsidy.

  3. Chris says:

    If people just invested into line 25, this entire headache if a system would be unnecessary

  4. Nicholas L says:

    I wonder if Obamacare registration is as confusing as that form?

  5. Pete says:

    Does anyone else think that the Alternative Minimum Tax should be done away with?