Deductions & credits


@danyell757 wrote:

 He now wants to file his own return and not allowing me to claim him. 

 

I am aware that I can select the option,  "I shared this insurance with someone not on my return." 


 

 

No.  Although he needs to file his own tax return, because you are ELIGIBLE to claim him as a dependent, he does not 'claim' himself.  He MUST say that he CAN be claimed by somebody else.

 

No, you can't select that because your son is ELIGIBLE to be a dependent.  

 

You do have the option to not claim him.  However, that does NOT mean he can claim himself, so both of the things I mentioned above would still apply.

 

If you were to choose to not claim him as a dependent, you are right, you would not need to include his income for the 1095-A.  HOWEVER,  you also would now have a SMALLER "Family Size", which would decrease or eliminate the Premium Tax Credit.  So choosing not to claim him might very well cost you more money than including his income for the 1095-A.