TomK2023
Expert Alumni

Deductions & credits

The allocation percentage can be any amount between zero and 100% that is agreed upon by each taxpayer. 

 

This would be your percentage of premiums, SLCSP and advanced payment of the premium tax credit, then just provide the amount for each of them. They will need the 1095-A information for each of their returns plus the percentage allocated to them so that they can complete it accurately.

 

Review the various scenarios in the link below for assistance with your children's returns.:

 

If you're listed as a dependent on your parents’ tax return, you won't have any health insurance questions to answer on your own return. TurboTax will tell you Since someone is claiming you on their 2022 taxes, you don't have to complete Health Insurance.

 

I'm on parents' health plan, but not on their tax return, and I got my own 1095-A

I'm on my parents' health plan, but not on their tax return; I didn't get a 1095-A; and there are am...

I'm on parents' health plan, but not on their tax return; I didn't get a 1095-A; and there are no am...

I'm on parents' health plan, but not on their tax return; I didn't get a 1095-A; and there are no am...

 

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