Bill > HR1831

This bill, the Dependent Income Exclusion Act of 2021, amends the Internal Revenue Code to exclude certain dependent income when calculating modified adjusted gross income for the purposes of eligibility for the premium tax credit under the Affordable Care Act. Specifically, it excludes wages and self-employment income of dependents under age 18 or under age 24 if they are participating in a qualified job-training or apprenticeship program. However, this exclusion is limited to 15% of the taxpayer's modified adjusted gross income. The bill also provides special rules for taxpayers residing in states that have not expanded Medicaid under the Affordable Care Act.