I am trying to determine what the impact will be of claiming my daughter as a dependent vs not claiming her as a dependent. It makes a big difference regarding what size of a subsidy I receive from the Health insurance marketplace - with increased monthly premiums and much larger deductibles, it will amount to about 10K more out of our pockets, when we include her as a dependent with her 20K income.
With so many modules in Turbo Tax Deluxe unfinished due to pending tax law updates, I am finding it very difficult to determine how not including her as a dependent in 2022 will affect my federal and state payments/refunds on my taxes. Can anyone help with this?
