What documentation can I submit for proof of income?

Here are some of the most common documents for proof of income. Remember that in order to get the subsidy (tax break) for your health plan these documents must:

1. Include your full name and paint a clear picture of your yearly income estimate
2. Match the income you stated on your application. So if you stated an income estimate of $2000 a month, make sure your document confirms you can earn very close to $2000 a month (A document within 10% above or below the income you stated will be accepted).

• Pay stub (not screenshots from an app) - must include:
  • Your full name or contain other kinds of verifying information such as a social security number.
  • Your income amount and frequency of pay

If paystubs are not usually emailed to you, you can contact the company you work with and request a PDF pay stub or a summary of earnings.

• Copy of most recent federal tax return (Form 1040)
• Wages and tax statements (such as W-2, 1099, 1099-MISC, or other forms displaying your income and tax information)
• Employer statement 
  • Read more here about what this statement must include.

If you cannot provide a copy of one of the common documents listed above, please see below for a full list of approved documents:

Income

• Copy of your most recent federal tax return along with federal schedule E that accurately reflects current income (can be Federal or state).
• Wages and tax statement (W-2 and/ or 1099, including 1099 MISC, 1099G, 1099R, 1099SSA, 1099DIV, 1099SS, 1099INT).
• Pay stub (again, not a screenshot from an app)
• Social Security Administration Statements (Social Security Benefits Letter)
• Unemployment Benefits Letter

Self-employment: Remember these documents must contain your full name, company name, dates of income, and net income from profit/loss.

• 1040 SE with Schedule C, F, or SE (for self-employment income)
  1065 Schedule K1 with Schedule E
• Self Employment Profit and Loss Statement or Self-employment ledger documentation. Must contain: 
• Tax return
• Bookkeeping records, including receipts for ALL allowable expenses
• Signed timesheets and receipt of payroll, if you have employees
• Most recent quarterly or year-to-date profit and loss statement

Unearned income

• Annuity statement
• Statement of pension distribution from any government or private source
• Worker’s compensation letter
• Prizes, settlements, and awards, including court-ordered awards letter
• Proof of gifts and contributions
• Proof of taxable scholarships or grants
• Proof of inheritances in cash or property
• Proof of strike pay and other benefits from unions
• Sales receipts or other proof of money received from the sale, exchange or replacement of things you own
• Interests and dividends income statement
• Loan statement showing loan proceeds
• Royalty income statement or 1099-MISC
• Proof of bonus/incentive payments (like a letter of bank statement showing deposit)
• Proof of severance pay
• Pay stub indicating sick pay
• Letter, deposit, or other proof of deferred compensation payments
• Pay stub indicating substitute/assistant pay
• Pay stub indicating vacation pay
• Proof of residuals
• Letter, deposit, or other proof of travel/business reimbursement pay