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Level 3
March 23, 2020
Solved

Medicaid Waiver Payment

  • March 23, 2020
  • 3 replies
  • 36 views

I am preparing a tax return for a tax payer whose w2 wages is more than $100,000.

She also received a Medicaid payment waiver for about $16,000. How do I exclude the medical waiver payment from taxpayer income since this will increase the tax liability.

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Best answer by Just-Lisa-Now-

Other Income line, as a negative  Excludable wages per IRS Notice 2014-7

3 replies

Just-Lisa-Now-
Intuit Community Champion
March 23, 2020

Other Income line, as a negative  Excludable wages per IRS Notice 2014-7

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
fesemaguAuthor
Level 3
March 23, 2020

Thank you.

fesemaguAuthor
Level 3
March 25, 2020

Thanks