Solved: Dependent claim

Why do I have to pay the penalty for the dependent I am claiming I already pay for more than half there expenses for the year

posted

Every person on the tax return is required to have minimum essential coverage. It may be more cost effect to omit your dependent if the penalty costs more than the exemption gets you.

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Every person on the tax return is required to have minimum essential coverage. It may be more cost effect to omit your dependent if the penalty costs more than the exemption gets you.