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Level 1
posted Oct 26, 2022 9:36:32 AM

Premium Tax Credit

So I have Market place insurance for me and my son. I claimed him on my 2021 taxes.  If I still have the marketplace insurance for 2022 and my ex wife claims him for 2022   What do I do and what happens

0 1 388
1 Replies
Employee Tax Expert
Oct 26, 2022 9:51:54 AM

Hi RedRoss,

 

Thank you for asking. If your ex-wife claims your son on her tax return, your son will be in her household when calculating the premium tax credit. When filing your tax, you will allocate ZERO of the premium tax credit on your return and your ex-wife will take 100% of the credit. I hope it answers your questions. Please feel free to give us a call if you need further assistance when you are ready to file your 2022 tax. 

 

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/http://www.healthreformbeyondthebasics.org/wp-content/uploads/2013/12/Dependents-for-Premium-Tax-Credits-FAQ.pdf

https://ttlc.intuit.com/community/taxes/discussion/what-if-the-non-custodial-parent-got-obamacare-for-a-child-they-have-no-right-to-claim-on-taxes/00/170658