Here is a senerio, please tell the tax implications on Sally's return for 20X3.
Sally is on a 1095a health insurance plan with her husband Joe, and daughter Gwen. Gwen got married in September of 20X3, and filed jointly with her husband in March 20X4. Gwen was previously listed as a dependent under her mother's 1095a health insurance plan during 20X3, and the plan's coverage was from January 1, 20X3 to August 31, 20X3. Does Gwen have to be filed as a dependent under her mother's return for the tax year 1/1/20X3 to 12/31/20X3? Also, what will the mother's tax implications be for the 20X3 due to the change in household?
Also, what if Sally did include Gwen as a dependent, how much credit would she receive? Keep in mind Gwen is 21.
