If my mother is the policy holder, do I have to allocate my tax credits for the marketplace? Neither my mother nor my father (both on the policy) have done so.

I've asked my parents about the healthcare tax credit allocations, but neither of them seem to think that I need to input them.

375

Expert Alumni

Mar 1, 2022 9:27:20 AM

If you are on their policy, then you will need to include information on your tax return if you are not their dependent. Use the link to see what you need to do based on your situation. Click the blue hyperlink that fits your situation when you use the link below.

If I'm on my parents' 1095-A form, what do I do on my return?

Level 15

Mar 1, 2022 10:08:27 AM

if they are claiming you as a dependent there is no requirement for them to allocate any of their PTC to you.

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If my mother is the policy holder, do I have to allocate my tax credits for the marketplace? Neither my mother nor my father (both on the policy) have done so.