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Marketplace and federal tax return
My son had marketplace insurance in 2024, but he had no income. There is about a 3,000 difference from the plan cost to the SLCSP premium paid. Does he need to file a federal tax form?
It depends. Did your son have advanced payments sent to his insurance company? The advanced payments will be shown in column C of Part III. If he has advanced payments, he must file a tax return and complete Form 8962 - Premium Tax Credit. Refer to the IRS website The Health Insurance Marketplace for additional information.
Also review the TurboTax article Can I File an Income Tax Return If I Don't Have Any Income?
Edited 2/2/25|8:39pm PST
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