1. My senior parents had no income in 2024. They purchased insurance (effective 1/1/2025) through Marketplace and received Premium Tax Credit. Do they need to file Federal return for 2024? If yes, what do they report on the return?
2. Can I claim them as dependents on my tax returns if I paid most of their rent and expenses in 2024?
In particular, if they have to file their own return to claim Premium Tax Credit, can I still claim them as dependents on my tax returns?