DMarkM1
Expert Alumni

Deductions & credits

The instructions for form 8962 state "Do not include the modified AGI of dependents who are filing a tax return only to claim a refund of tax withheld or estimated tax."  

 

It does matter as it contributes to the household income figure that is used to calculate the premium tax credit (PTC) entitlement.  Generally you want your household income lower for a higher PTC entitlement.

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