PROFILE, AOC, and Tax Exemptions

<p>We are ineligible for AOC, however tax software recommended considering not claiming our daughter as a dependent. By doing this, she would be eligible to recover 40% of the AOC credit on her return, which equates to $1,000.00.</p>

<p>My concern is that reducing the number of exemptions will reduce financial aid package (we will have two in college in 2012/13). I don't think it is so much the case for FAFSA EFC since I think they focus on the number in household and in college, but I am not sure about CSS Profile.</p>

<p>Does anyone have any knowledge on this? Thanks.</p>