Question

Marketplace Tax Credit Filing

Forum|Forum|1 year ago
March 20, 2025
1 reply
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I have four children from two different woman and I use the marketplace for insurance. How should they file their taxes if they are claiming the children, so it won't negatively impact their taxes? What should I put on my taxes so none of us get rejected?

Not A Product Question

DawnC

If all 4 children are on the same 1095-A - All 3 of you will enter that 1095-A on your returns. And you will all indicate that you have a shared policy.

For Columns A and Column C - those can be divided how you all agree. If the policy is you + the 4 kids, you could divide A & C for example - You take 20% and the 2 moms take 40% each. You can split it however it works out best for your family; your percentages must total 100%.

But for column B, you will all need to use the tax tool at the Marketplace to get the values for each of your returns.

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N

nonfictionlifeAuthor

Thank you for the great response. What if they don't any percentage and I take the 100%, would take negatively effect their returns? My fear is that they are going to lose their return when they weren't the ones that purchased insurance through the marketplace.