Hello, my husband I and receive NON taxable income because of our Foster Care income. We do not have to pay taxes on it at all when we file our taxes each year. Is this considered income that would rule out us being able to receive the health insurance tax credit?
Federal foster care or adoption assistance income is exempted from MAGI and won't affect Medicaid or tax credit eligibility. Do be aware though that in other instances non-taxable income (like SSD and SSDI) is counted toward MAGI.
Also, it's advisable to check with a tax professional in regards to your specific situation. There could be some aspects of foster care that are treated differently in some instances.