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Login To PrismWhich tax year will the Marketplace use to determine household income?
The taxpayer’s actual household income for the taxable year will be used. Marketplaces will use data from tax filings and Social Security data to verify household income information provided on the application, and in many cases, will also use current wage information that is available electronically. If the data submitted as part of the application cannot be verified using IRS and SSA data, then the information is compared with wage information from employers provided by Equifax. If Equifax does not substantiate the information on the application, the Marketplace will request an explanation or additional documentation to substantiate the applicant’s household income.
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