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Deductions & credits
Are you claiming your 2 college kids as your dependents? If so, there is no need to allocate any percentage of the premiums as they will not enter this on their return, it is only entered on your return. They will just need to select that someone else claims them as a dependent on their return and they will not be asked for it.
If you are not claiming them as a dependent on your return this year, but believed you would be when you applied for the coverage, then you can either claim 100% and they can claim 0% or you can split it up into 1/3's with one person claiming 34% as the the amount must equal 100% or you can use any other amount that you all agree to use as long as the total between the 3 of your equal 100%.
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ā€ˇFebruary 7, 2025
10:44 AM