Table of Contents

 MAGI Income, Expenses or Deductions 

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My divorce agreement provides that my X Spouse must provide lifetime housing in one of their rental units or bedroom. More specifically – My ex-wife is providing me one room for my living space which values around $450 per month. She also allows me to use her car. Does that count as alimony even though it’s non cash? Does that count as income for Covered CA subsidies?

    • Publication 504 is a 30 page document and refers one to other documents, including your actual separation agreement. Be sure to seek competent tax and legal counsel. Covered CA basically just goes by the definition of MAGI line 37 of your 1040 and not how your AGI is calculated.

Steve Shorr - Covered CA Certified Agent

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IRS - Your Federal Income Tax - Publication # 17  

What counts as Income?

Gains & Losses

Adjustments to Income?

Deductions

How to figure your tax?

7 comments on “Table of Contents – Details of Income, Deductions & Expenses for MAGI

  1. I am trying to calculate my income to see if I am eligible for Medi-cal or what I can buy through Covered California [with a certified agent, at no additional charge]. Would you please answer these questions for me:

    1) Does spousal support count as income?

    2) Do gifts count as income?

    3) What time period is taken into account when calculating one’s income?

  2. Hi Steve,

    I am trying to calculate my income to see if I am eligible for Medi-cal or what I can buy through Covered California [with a certified agent, at no additional charge]. Would you please answer these questions for me:

    1) Does spousal support count as income?

    2) Do gifts count as income?

    3) What time period is taken into account when calculating one’s income?

    Thanks,

    Linda

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