Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
chris23
New Member

Child no longer a dependent is on my healthcare marketplace. Does that affect my subsidy? I still pay for his health insurance.

My son did not claim any healthcare on his tax return.
1 Best answer

Accepted Solutions
TaxGuyBill
Level 9

Child no longer a dependent is on my healthcare marketplace. Does that affect my subsidy? I still pay for his health insurance.

Yes it will.

You household size on your tax return is now smaller, so you qualify for a smaller Premium Tax Credit ("subsidy").

You also need to enter and "allocate" the 1095-A on both your tax return and your son's tax return.

https://ttlc.intuit.com/questions/2954490-do-i-need-1095-a-if-i-m-covered-under-parents-health-insur...


View solution in original post

1 Reply
TaxGuyBill
Level 9

Child no longer a dependent is on my healthcare marketplace. Does that affect my subsidy? I still pay for his health insurance.

Yes it will.

You household size on your tax return is now smaller, so you qualify for a smaller Premium Tax Credit ("subsidy").

You also need to enter and "allocate" the 1095-A on both your tax return and your son's tax return.

https://ttlc.intuit.com/questions/2954490-do-i-need-1095-a-if-i-m-covered-under-parents-health-insur...


About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.46m
Members

2.57m
Discussions

Manage cookies
v