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ACA & Child Filing Question

Dom2 — Sat, 01 Jun 2019 20:15:12 GMT

ACA Question

My student daughter does NOT meet income requirements to file. If she files she receives approx $110 refund. But I believe I then would have to select "Have one or more dependents on my taxes filing a separate return" and enter her AGI. This impacts my taxes negatively by $348. Since she doesn't have to file I'm thinking not filing her taxes, and giving her the refund out of my tax savings.

That sound about right?

Since she doesn’t have to file you can ignore her income...

Bsch4477 — Sat, 01 Jun 2019 20:15:13 GMT

Since she doesn’t have to file you can ignore her income for ACÁ. There’s a difference between having to file and filing only to get a refund of tax withheld.

Are you suggesting not check the box "Have one or more de...

Dom2 — Sat, 01 Jun 2019 20:15:14 GMT

Are you suggesting not check the box "Have one or more dependents on my taxes filing a separate return" OR checking it without entering AGI? Thanks

Check it but don’t add his income since he didn’t have a...

Bsch4477 — Sat, 01 Jun 2019 20:15:15 GMT

Check it but don’t add his income since he didn’t have a filing requirement. If the program gives you a problem with that then don’t check that he is filing. Bottom line is that a dependent filing only to receive a refund does not have their AGI added to the parents AGI for ACA considerations.

Thank You

Dom2 — Sat, 01 Jun 2019 20:15:16 GMT

Thank You