Help~ Premium Tax Credit - dependent status change to Married

[kolee]

I have a client who was a dependent and part of her parent's 1095-A (Health insurance marketplace statement) in 2015. She got married in July 2015 to a guy with high income and she no longer qualifies for Marketplace health insurance. She forgot to remove her from Marketplace health insurance all year and received 1095-A showing all 3 people's benefits received (she and her parents). She's willing to pay her portion of 1095-A benefits received but 1095-A is showing combined amounts. Is there a way to separate her portion out from 1095-A using form 8962 (PTC worksheet), so that she can pay back her portion? Her parents still qualifies for Marketplace insurance.

Thanks in advance,

[TaxGuyBill]

Although other percentage can be used, the best outcome will be to have the parents claim 100% and the daughter claim 0%.

They would both file Form 8962 with Part IV filled out (page 2) to show the parents claiming 100% and the daughter claiming 0%.

The parents should be cautioned that any Advance credits were based on a Household Size that included their daughter. Because they are not claiming the daughter as a dependent, that means that their Poverty Percentage will be higher, and they may need to repay part of the Advance credit that they received.

[kolee]

Thank you so much! TaxGuyBill!