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alyand72
New Member

I claimed my son as dependent and he filed his own taxes. He has health insurance through market place.

Market place consider my income for his insurance?

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Vanessa
Level 3

I claimed my son as dependent and he filed his own taxes. He has health insurance through market place.

Yes, if he is claimed as a dependent on your return, you will need to enter his 1095-A on your return.  His Premium Tax Credit is then based on your income plus his.  

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6 Replies
Vanessa
Level 3

I claimed my son as dependent and he filed his own taxes. He has health insurance through market place.

Yes, if he is claimed as a dependent on your return, you will need to enter his 1095-A on your return.  His Premium Tax Credit is then based on your income plus his.  

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alyand72
New Member

I claimed my son as dependent and he filed his own taxes. He has health insurance through market place.

What I need to do if I forgot to add his 1095-A?
Vanessa
Level 3

I claimed my son as dependent and he filed his own taxes. He has health insurance through market place.

How long ago did you file?  The IRS should catch this error, but once in a while they dont
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alyand72
New Member

I claimed my son as dependent and he filed his own taxes. He has health insurance through market place.

I filed my taxes on Saturday and yesterday his taxes.
Vanessa
Level 3

I claimed my son as dependent and he filed his own taxes. He has health insurance through market place.

Ok, so the IRS will likely send you a letter telling you, you need to fill out form 8962.  To do that in TurboTax you will just log back into your return by clicking add a state, then you will click on the Health Insurance section walk through and say Yes, I had one of these types of coverage.  Then enter the 1095-A.  However, do not do this until you get the letter from them.  If they miss it and process your refund, you will need to amend.  So wait until your return is fully processed before doing anything. It is MUCH slower this year so it may take a bit longer than normal due to the gov shut down.
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alyand72
New Member

I claimed my son as dependent and he filed his own taxes. He has health insurance through market place.

Thank you so much

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