Marketplace and federal tax return

[billyjrussell]

My son had marketplace insurance in 2024, but he had no income.  There is about a 3,000 difference from the plan cost to the SLCSP premium paid.  Does he need to file a federal tax form? 

[SharonD007 · Accepted solution]

It depends. Did your son have advanced payments sent to his insurance company?  The advanced payments will be shown in column C of Part III. If he has advanced payments, he must file a tax return and complete Form 8962 - Premium Tax Credit. Refer to the IRS website The Health Insurance Marketplace for additional information.

Also review the TurboTax article Can I File an Income Tax Return If I Don't Have Any Income?

Edited 2/2/25|8:39pm PST

@billyjrussell