Self-Employed, 1099 and Gig Workers on Obamacare: How to Estimate Income So You Don't Owe a Big Bill at Tax Time
If you're self-employed or paid on a 1099, the Marketplace application asks for estimated MAGI, not gross receipts: Schedule C net profit minus half of self-employment tax, retirement contributions and the self-employed health insurance deduction. With full repayment of excess advance credit from tax year 2026, people near 400% of the poverty line need to estimate carefully.
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