Nevada Health Link savings are based on your expected household income for the year you want coverage, not last year's income. You must make your best estimate so you qualify for the right amount of savings.
Whose income to include in your estimate
For most people, a household consists of the tax filer, their spouse if they have one, and their tax dependents, including those who don't need coverage. Learn more about who to include in your household.
What income is counted
Nevada Health Link uses an income number called modified adjusted gross income (MAGI) to determine eligibility for savings.
The chart below shows common types of income and whether they count as part of MAGI. If you expect income types not shown or have additional questions, see details on what the IRS counts as income.
Nevada Health Link only counts estimated income of all household members who are required to file a tax return, but consumers should include all income noted below as appropriate. If particular sources of income do not meet tax filing requirements to be counted by Nevada Health Link, those sources will not be counted or impact eligibility.
Types of income to include in your estimate
|Income type||Include as income?||Notes|
|Federal Taxable Wages (from your job)||Yes||If your pay stub lists "federal taxable wages," use that. If not, use "gross income" and subtract the amounts your employer takes out of your pay for child care, health insurance, and retirement plans.|
|Self-employment income||Yes||Include "net self-employment income" you expect — what you'll make from your business expenses. Note: You'll be asked to describe the type of work you do. If you have farming or fishing income, enter it as either "farming or fishing" income or "self-employment," but not both.|
|Social Security||Yes||Include both taxable and non-taxable Social Security income. Enter the full amount before any deductions.|
|Social Security Disability Income (SSDI)||Yes||But do not include Supplemental Security Income (SSI).|
|Retirement or pension Income||Yes||Include most IRA and 401k withdrawals. (See details on retirement income in the instructions for IRS publication 1040). Note: Don't include qualified distributions from a designated Roth account as income.|
Divorces and separations finalized before January 1, 2019: Include as income.
Divorces and separations finalized on or after January 1, 2019: Don't include as income.
|Investment income||Yes||Include expected interest and dividends earned on investments, including tax-exempt interest.|
|Rental and royalty income||Yes||Use net rental and royalty income.|
|Excluded (untaxed) foreign income||Yes|
|Supplemental Security Income (SSI)||No||But do include Social Security Disability Income (SSDI).|
|Veterans' disability payments||No|
|Proceeds from loans (like student loans, home equity loans, or bank loans)||No|
If you don't report changes in income, you could miss out on savings or wind up having to pay money back when you file your federal tax return for the year. Learn more about how to make an estimate of your expected income.