I recently finished paying years of alimony. My ex does not work outside the home and generally claims the two kids on her tax return. Next year her declarable, taxable income is likely to be very low, perhaps $10k or so. The child support I pay is not declarable on her tax return. (And don't worry for her, she's got plenty of assets and has made a choice not to hold a paying job.)
Because of her big drop in income, it seems she and the kiddos may qualify for an Obamacare-subsidized plan. But from what we can tell, there's a MINIMUM income level required for these plans, and she thinks it's in the ballpark of $30k.
My questions are:
1. Does child support count towards calculating her income for ACA coverage?
2. Why is there a minimum income, and what does someone typically do if they fall below it?
Thanks.
Because of her big drop in income, it seems she and the kiddos may qualify for an Obamacare-subsidized plan. But from what we can tell, there's a MINIMUM income level required for these plans, and she thinks it's in the ballpark of $30k.
My questions are:
1. Does child support count towards calculating her income for ACA coverage?
2. Why is there a minimum income, and what does someone typically do if they fall below it?
Thanks.