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Internal Revenue Code of 1986

The main collection of federal tax laws in the United States.

Modified Adjusted Gross Income (MAGI)

A specific calculation of your income used by the IRS to determine eligibility for certain tax benefits and government programs, including health insurance subsidies.

Premium Tax Credit

A refundable tax credit available to eligible individuals and families to help them afford health insurance coverage purchased through government marketplaces (like HealthCare.gov).

Dependent

A person, typically a child or other relative, whom a taxpayer supports financially and can claim on their tax return for certain benefits.

Wages

Income earned from employment where taxes are typically withheld by the employer.

Net earnings from self-employment

The profit an individual makes from a business they own and operate independently, before deducting personal income taxes.

Medicaid expansion states

States that have chosen to expand their Medicaid programs under the Affordable Care Act to cover more low-income adults and families.