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Get your taxes done using TurboTax
Did you have a shared policy and indicate this in the software? If not everyone on your policy is also listed on your tax return, you need to allocate the marketplace insurance. You can allocate it at any percentage you choose from 0% to 100% as long as the total allocated to all policyholders/taxpayers is not greater than 100%. For example, all amounts can be allocated as 100% on a parent's tax return, while a dependent can allocate 0% on their return. If not all policyholders are on the tax return, this can result in matching errors with the IRS.
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May 6, 2025
3:40 PM