Health Insurance Premium Tax Credit

[rhondajoy125]

I have a question about entering information for ACA form 1095-A.  My husband and I had an ACA policy in my name for all of 2025.  On the 1095-A Form, if I answer yes to the question "Are you self-employed and bought a Marketplace plan" then the next screen has me select either mine or my husband's sch C business. If I select his, then the Health Insurance Premium Tax Credit calculated is more than if I select my Sch C business. My first question is if this is an acceptable thing to do in this section and if it is, is it okay to select his Sch C even though the ACA policy is in my name?  My follow up question then is if there is a way to also select my Sch C business to get a further credit?

IF none of that is not acceptable to do in the 1095-A section, is there anywhere on the Schedule C that we can deduct a small amount for health insurance from the ACA?

[CesarJ]

When entering Form 1095-A in TurboTax, selecting the Schedule C business for self-employed health insurance premium deduction should correspond to the person who paid the premiums and is eligible for the deduction.

If the ACA policy is in your name, it is generally appropriate to connect it to your Schedule C if you paid the premiums. Selecting your husband's Schedule C instead may not align with IRS rules unless he is the one who paid the premiums and claimed the deduction.

You cannot split one ACA policy's premiums between two Schedule C businesses in TurboTax for the premium tax credit or the health insurance premium deduction. The premium tax credit is based on the household income and the allocation on Form 1095-A.

For Schedule C health insurance deduction, you can deduct the amount of health insurance premiums paid for yourself, your spouse, and dependents if you meet eligibility requirements as a self-employed person. This deduction is taken directly on Schedule C, separate from the premium tax credit reconciliation with Form 1095-A.

[rhondajoy125]

Thank you, we file as married filing jointly. We don’t have separate accounts so neither of us is identified as who “paid the premium”. Selecting his income definitely gives us a larger credit than mine would. Neither of us made enough to consider the net income as covering the annual cost of the insurance. My concern is that he is not the policy owner, it was me. So my question is must I select my income or is it okay to select his? At the same time I’m wondering, if it isn’t completely that we paid for the insurance with the Sch C income, is it allowable to link Sch C to it? 

Thanks!
Rhonda