Here’s the IRS Website on

Credits & Deductions for Individuals & Families

Subtract tax credits from the amount of tax you owe. There are two types of tax credits:

  • A nonrefundable tax credit means you get a refund only up to the amount you owe for taxes.
  • A refundable tax credit means you get a refund, even if it is more than what you owe.
    • Just like Covered CA subsidies APTC

 

Covered CA goes by what is on line 37 of your tax return, plus Social Security, Foreign Income and Tax Exempt Interest…

IRS Publication 501, exemptions, standard deduction & filing information
IRS Publication 501 Exemptions, Standard Deduction and filing information
Interactive Tax Assistant

 

dedcutions.2. covered.ca
List from Covered CA Application

Español that may make a difference in your subsidy calculation.

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Deductions from Adjusted Gross Income 1040
deduct5ions.2
Deductions from Covered CA Paper Application

FAQs / Ask Us a Question

 

Get a FREE MAGI Income subsidy calculation, premium quote and compare all companies by clicking here.

 

Instructions on how to appoint us as your Covered CA Certified Agent – No Extra Charge.  We only get compensated when you appoint u

Credits for Individuals

Please email us, [email protected] if any links don’t work.  We are getting too many false positives to properly disconnect the broken ones.

Family & Dependents

Health Care

Income and Savings

Education

Homeowners

Electric Vehicle Credit

What expenses can be deducted from MAGI Income?

Tuition & Fees  Form # 8917

Health Savings Accounts 

Form # 8889

SEP Plans 

Self Employed Health Insurance Deduction

IRA Deduction

Get a FREE MAGI Income subsidy calculation, premium quote and compare all companies by clicking here.

 

 

Instructions on how to appoint us as your Covered CA Certified Agent – No Extra Charge.  We only get compensated when you appoint us.

 

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