Many financial planning clients have six- and seven-figure incomes, but that’s not always the case.

If clients with incomes in the upper five figures shop for health insurance on the Affordable Care Act exchanges, they may be eligible for thousands of dollars in subsidies each year but only if they can keep investment income from taking them over the relevant threshold. The availability of subsidies is based on “household income,” which generally is the adjusted gross income on a tax return plus tax-exempt interest and nontaxable Social Security benefits.

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