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Does dependent income contribute to my household income?
My daughter is in college and she qualifies as my dependent (under 24, lives at home, full-time student, and I fully support her). I understand that if her gross income is under a certain amount, she does not have to file a tax return for that year and that value is $12,950 for 2022. If her income surpasses that value and she has to file a tax return as a single person while I am claiming her as a dependent, will her income from her part-time job contribute to my household income for that year? Or, what other impact, if any, will it have on my tax return? Any help or insight is appreciated. I am happy to provide more clarification if needed.
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March 13, 2022
1:43 PM