MarilynG1
Expert Alumni

Deductions & credits

Yes, enter the same % for all three questions, for either you or your son (depending on which gives the better tax outcome).

 

Or, enter 0% for all questions for you and your son enters 100%, or each of you 50%.  You may need to play with the numbers for the best outcome, and yes the totals need to be 100% between you. 

 

If you son has the lower income and the premiums were based on his income, it may work out best to allocate 100% to him. You can see the calculations for the Premium Tax Credit on Form 8962. 

 

Here's more info on Allocating 1095-A.

 

@sunshinejoe 

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