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January 29, 2025
Question

Should my percentage premium be 50%? I shared my insurance policy with my son that moved out in August.

  • January 29, 2025
  • 1 reply
  • 0 views
He claimed his own taxes.

    1 reply

    January 29, 2025

    It depends.  If you split the premiums 50/50 you can or you can allocate 100% to you and 0% to him or vice versa.  The percentage just needs to add up to 100%. 

    Policy Shared Between Two Tax Families

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