your return would be $8000 per kid. but if you're married, your return would be$16000 per kid.
If your child files a joint return with her spouse, you cannot claim her (unless neither spouse owes any taxes and the only reason for filing is to claim a refund). If your child files any other kind of return, it makes no difference in whether you can claim her. Of course, you have to meet all of the usual requirements for claiming a dependent.
Paying Child Support has nothing to do with any right to claim the child on their return. A divorce agreement or custody agreement usually deals with rights to claim a child on a tax return. If there is no such agreement deciding who get to claim the child then the IRS rules do. Usually the first right is the custodial parent (the person the child lives with). Residency is one of the requirements to claim a dependent.
Yes as long as you and your child meet all of the rules for you to be able to claim your child as a qualified child dependent on your 1040 income tax return. You child will file the child's own 1040 income tax return and will have to make sure and check the box that says they can be claimed as a dependent on another taxpayers income tax return and the child will get the 3650 exemption on the child's own income tax return. The number of exemptions will be -0- zero WHEN the 1040 income tax return is completely correctly.
If your child lived with you but you did not claim it as a dependent you can still file head of household. You have to list the child's name and social security number on your return.
If the child lived with you for over 50% of the year (183 out of 365 days) then yes, you can claim the child as a dependent on your tax return, even if they don't live with you now.
You and the child's mother have to agree who is taking the child deduction (usually the parent with custody), so the child support is probably not deductible. Consult with a CPA or tax specialist to make sure; you can refile your taxes if there is some way that the payments are deductible--but only if a CPA says you can.
Yes as long as all of the rules are met by and the child to be your qualifying child dependent on your income tax return. Dependent not allowed a personal exemption. If you can claim an exemption for your dependent, the dependent cannot claim his or her own personal exemption on his or her own tax return. This is true even if you do not claim the dependent's exemption on your return or if the exemption will be reduced under the phaseout rule described under Phaseout of Exemptions, later. Make sure that the dependent indicates on the 1040 income tax return that him/her is using indicates this and cannot claim the 3650 exemption amount on the income tax return that is being filed.
Since tax regulations can change, it's a good idea to talk to your tax specialist or preparer to find out how to claim a child tax credit on your tax return. If you're filing a paper return or an online return and filling it out on your own, you should find it clearly indicated. There will be a few criteria that you will have to meet in order to claim the credit.
If you have claimed a child tax credit improperly, then file an amended return (Form 1040X) and recompute your taxes are return the overpayment. If you believe that someone else has improperly claimed your child on their tax return, there is nothing you can do about their tax return. If you believe that you have the right to claim the credit, then by all means go ahead and claim the credit on your own tax return and don't worry about what anyone else has done. If someone else has already claimed your child, then if you efile (electronically file) your return, it may be rejected. If this happens, print out your return on paper and mail it in. A paper return will not be rejected for this reason. The IRS will then be in contact with both taxpayers to determine who is right. The first step is to submit your own claim. If you don't, then you have no standing in the matter.
If memory serves, you have to use an amended return though I'm not sure how the system works with changing a dependent claim.
If you're in the US, yes, assuming they are filing a joint tax return, they can claim the child on their taxes, even if Mom did not work.
Yes, if your child is born before midnight on December 31st, you can generally claim them as a dependent on your tax return for that tax year. However, it is important to check the specific rules and requirements set by the tax authority in your country or jurisdiction.