Hey there! If you got your health insurance through Healthcare.gov, you had to estimate your income for the year upfront. The Marketplace expects you to log back in and update this if your income changes—like if you get a raise, lose a job, start a side gig, or have any extra income.

Here’s the catch: the lower your income, the bigger your subsidy, so it might be tempting to lowball your estimate. But trust me, that can backfire big time at tax time!

Don’t forget—your taxable interest, dividends, and capital gains (like from stock sales) count toward your income for the Marketplace, too. If you underestimate these, you might end up owing thousands instead of getting that refund you’re counting on.

Quick Tip: Be as accurate as possible when estimating your income, and update it if things change. Need help figuring out what counts? We’re here to make sure your taxes go smoothly! Drop us a message, and let’s chat.

Happy tax season!