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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)
  • 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
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