Marketplace Premium Tax Credit

Forum|Forum|5 years ago
November 8, 2020
1 reply
17 views

My adult daughter is married, not legally separated, but is living with me. Tax-wise, I can claim her as a dependent as I provide well over half of her expenses. As a married dependent, is she eligible for the premium tax credit? Do I claim the tax credit on my return?

Not A Product Question

Critter-3

Level 15

You have many issues ... to start with are you sure she is your dependent to claim? Support is not the only situation. Her being married is another twist since if she needs to file then she can only file jointly or separately and the PTC is not available when filing separately.

IRS interview to help determine who can be claimed:

https://www.irs.gov/help/ita/who-can-i-claim-as-a-dependent

https://ttlc.intuit.com/questions/3113432-who-can-i-claim-as-my-dependent

gehiniousAuthor

Level 4

She's definitely a qualified dependent for tax purposes, but yes, if she files joint with her husband, I can't claim her as a dependent, and if she files MFS, she isn't eligible for the PTC. I was hoping if she was a dependent, it would offset the MFS. Sigh. Thanks for your input!

Opus 17

Level 15

The only way it could possibly work is if her income is less than $4250, and she files no tax return, not even MFS. And her spouse would have to file separately of course. Then you could look at the other qualifications for claiming her as a dependent.