A Concern About Dependent Status and Tax Filing

[ngoctonnu]

Hi! I’m a 21-year-old full-time student with an income of $13,000 for 2024. My father, who made $16,000 in 2024, wants to claim me as a dependent on his tax return. However, when I applied for Marketplace health coverage for 2024, I accidentally stated that no one else would claim me as a dependent. 

How should I file my taxes in this situation? Can my father still claim me as a dependent, and how might this impact my tax return and his?

[Bsch4477]

If you didn’t provide more than half of your support he can claim you. In that case call the marketplace to clarify your situation. 

[AmeliesUncle · Accepted solution]

As was noted above, you first need to determine *IF* he can claim you as a dependent and the most likely the pertinent question is if you paid for over half of your own support (including tuition for school).

For your health insurance, are you sure you have Marketplace insurance, rather than Medicaid?  If you had told the Marketplace that your income was estimated to be $13,000 I don't think they would have given you Advance credit.

IF your father can claim you as a dependent and you did have Marketplace insurance, your 1095-A that you receive from the Marketplace will go on his tax return.  IF your income is only $13,000 and it is all from a 'job' (minimal investment income and the $13,000 includes any scholarships in excess of tuition), the end result will likely not affect your father's tax return at all.  When you file your tax return you would need to be sure to indicate that someone can claim you as a dependent.

But the several "ifs" above could change the results, depending on the circumstance.