I am $1000 over my AHCA limit ($84100 versus $83100) due to the $5000 income my daughter in college earned. If she takes out a new IRA and contributes $1200, would this reduce her income by $1200 thereby bringing my total MAGI below the $83100 line to $82900?? This would save me repaying the $6800 in AHCA tax subsidies. My AGI is $78,793 and my daughters $5352 for a total of $84105. If I can get our combine income below $83,100, I do not have to pay the AHCA tax subsidy back.
