My wife and I our filling out the portion of our taxes which ask if we had health insurance through the market place and we did. We listed my son and daughter as dependents under are health insurance but my son whose 22 does files his own taxes and is not considered a dependent. We did get an advance premium credit, but my question is if we allocate 100 percent to my son and we claim 100 percent of the APC and he claims 0% we tried it out and our refund reduced to $80 and his rose from 1000 to 15000. This does not seem right but clearly the tax language says you can allocate any percentage, is this really legal or will my son be penalized in the future.
filed married jointly income- 68000
Sons single income is 12000
