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Get your taxes done using TurboTax
We in the Community do not have enough information to answer that.
It depends on how accurately your parents predicted their income at the beginning of 2019 and if they had any major changes in their status (adding a child, losing a job, etc.).
Normally, if you have an adult child on your ADA insurance, you allocate all the PTC to yourself and allocate zero to your child. However, whether or not that increases or decreases their PTC depends on other factors.
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May 7, 2020
1:48 PM