Originally Posted by aclaro
Who do you know that does this? From my experience, carriers do go by AGI and if you're 1099 they require full tax returns.
I dont know of any that go by AGI. That would make no sense at all!
As Head of Household I get a $12k deduction automatically... that doesnt mean I made $12k less in income or spent $12k less. Take home pay is not the same as AGI. Why would they base benefits on adjusted income after all of your deductions?... The answer is that they dont.
When they ask for a 1040 they look at the W2 wages reported on it. Not AGI. (AGI is after deductions)
The reason they sometimes want full returns if you are 1099 is to make sure you are giving them all sources of income and not selectively showing just 1 or 2.
I do not know of a single DI carrier that bases benefits on AGI.