How do I answer the question about my income being below the poverty level?

To answer “Yes” to this question, you must meet ALL of the following requirements. Answering incorrectly can cause the program to incorrectly calculate your return. 

1. You or someone in your family is enrolled in a Qualified Health Plan through a Marketplace. 
2. The APTC (Advanced Premium Tax Credit) was used for covering one or more months during the 2024 Tax Year. 
3. You also must be considered an “applicable taxpayer”. 
4. The Marketplace estimated your income when enrolling for health insurance to be at LEAST 100% of the Federal Poverty Level, but not more than 400%. 

Federal Poverty Level (2024)

These levels are used to calculate eligibility for Medicaid and children's insurance programs.  You must have been estimated to have at LEAST the below amounts of income, but not more than 4 times the amount:

• $15,060 - Individuals
• $20,440 – Family of 2
• $25,820– Family of 3
• $31,200– Family of 4
• $36,580 – Family of 5
• $41,960 – Family of 6
• $47,340 – Family of 7
• $52,720 – Family of 8
• Add $5,380 for each extra person - for a family of 9+

Note: Alaska and Hawaii use different poverty levels than the 48 contiguous states. The federal poverty level for Alaska is $17,310, while Hawaii's is $18,810.