Question: I am a self employed individual. How do I calculate my income - on gross income or on net income after expenses/taxes?
Answer: Use your net, pre-tax income. More specifically it’s the adjusted gross income (AGI) that shows up on line 37 of your Federal Form 1040 . Keep in mind that this number is only a benchmark. If your income has changed since last year you will have the opportunity to make the adjustment when checking your eligibility for advance tax credits (premium subsidies).