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Old 06-23-2017, 12:15 PM
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Dependent on Marketplace account emancipating

Hi there, I am a disabled single individual, parent of one child who just graduated college. I am not even required to file returns but I have the last 4 years for financial aid purposes. I get Medicare and so he has had his own individual health policy that for the last two years was bought through the marketplace. No problem filing our 2016 returns because I had no AGI and he had very little, we both filed 1040As and no tax was due. This year will be tricky however and I am not sure what to do. We take a $200 monthly premium tax credit for his health policy. Starting in August, he will be working full time and eligible for employee health plan on 9/1. Since he will be making money and having taxes deducted, I am assuming he would file 2017 tax return as an individual, no longer my dependent. If this happens, are we going to get slammed for the premium tax credit, since I can no longer file him as a dependent? Looking for advice as a bill for $1600 in premium tax credits will be impossible for me to pay.



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