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Compass
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Would an IRA Withdrawal Count as Income for Exchange Subsidies?
Kaiser Health News Mar. 14, 2014 "Withdrawals from traditional or rollover IRAs would be considered income for the purposes of calculating modified adjusted gross income, the figure on which eligibility for premium tax credits on the exchanges is based ... A withdrawal from a Roth IRA, however, would not count as income in this case because the individual would already have paid taxes on that income when he made the retirement contribution.... [W]ithdrawing enough money from a taxable IRA to bring [an individual] up to the poverty level could enable him to qualify for premium tax credits." |
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