In general, the answer is no. The IRS only allows one person to claim a child with a unique social security number on their taxes, and get the credits that go with the exemption. However, there are exceptions for children of divorced or separated parents. Only one parent may claim the social security number, but the custodial parent may use the child in order to claim the head of household status, to receive the earned income credit and to receive the credit for child and dependent care expenses - even if they did not claim the exemption for the child.
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.
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.
No. You can claim the child and take off child care costs, but single people pay a higher rate.
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.
Yes as long he and you meet the qualifications for you claim him as your qualifying child dependent on your income tax return. He would have to file his own income tax return reporting his own income and he would not be able to claim himself for exemption amount on his own income tax return.
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.
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.
No. You can claim the child and take off child care costs, but single people pay a higher rate.
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.
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.
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.
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.
Two people can not claim the same child. It's as simple as that. If the judge ordered that he get to claim the child for that certain year. Then he gets to claim him for whatever deductions apply to him.
Yes as long he and you meet the qualifications for you claim him as your qualifying child dependent on your income tax return. He would have to file his own income tax return reporting his own income and he would not be able to claim himself for exemption amount on his own income tax return.
Not on your individual income tax return as long as all of the rules are met for you to be able to claim the 15 year old as your qualifying child dependent on your income tax return.
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.
This should not have any affect on your parents income tax return if you are still their qualifying child dependent on their 1040 income tax return. And of course you do know that if your are their qualifying child dependent that you can NOT claim your self on your own income tax return for the exemption amount when your income tax return is completely correctly.