Help Paying Marketplace Premiums: Defining Income and Household

I heard there is a new charitable tax deduction for 2020. People who don’t itemize deductions can still deduct up to $300 this year for cash donations to their church or a charity. If I make a deduction will that change my eligibility for premium tax credits?

It could change your eligibility slightly.  If you make this $300 charitable contribution, that reduces your adjusted gross income for 2020 by $300.

While we have made every effort to provide accurate information in these FAQs, people should contact the health insurance Marketplace or Medicaid agency in their state for guidance on their specific circumstances.