Yes but you must be able to claim them even though you gave up the dependency. The child must live with you all year.
In order to claim Head of Household status, you must be unmarried AND you must maintain a home for more than one-half of the year for a qualifying child or another dependent.
No you have to have a qualifying person in your home that you provided support for. Unless it is stated in a divorcee decree that they may claim the child only for credit purposes.
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.
As long as the child is genuinely the dependent of a new person, that person can claim them as a dependent for that year.
Not in this scenario. One dependent can only qualify one person for the head of household filing status. Even if there were 2 children, each person would have to be maintaining a household for one of the children to qualify. Example 1: Two roommates split the rent and other household expenses. Each has a child and takes care of the expenses for their child. Each can qualify as head of household assuming they meet all other requirements. Example 2: An unmarried couple has two children and live together. They live jointly and use their money jointly. They are not living as roommates. The person making the most money can qualify as head of household, because they would be maintaining more than half the costs of keeping up a home for a qualifying child. The other person qualifies as single. This is true regardless of who claims the children.
No
In order to claim Head of Household status, you must be unmarried AND you must maintain a home for more than one-half of the year for a qualifying child or another dependent.
No you have to have a qualifying person in your home that you provided support for. Unless it is stated in a divorcee decree that they may claim the child only for credit purposes.
dependent means that a person depends on other person. e.g:-a child depends on his/her parents
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.
$3500 is the exemption for each dependent. $1000 is the child tax credit for kids under age 17. For kids under 17 that are your dependents you qualify for both the exemption and the credit. Note: Only the person filing the child as a dependent will receive the money.
The person who provided physical custody of the child for more than 50% of the year can claim the child as a dependent, regardless of whether or not back child support is owed.
As long as the child is genuinely the dependent of a new person, that person can claim them as a dependent for that year.
If the parent or guardian provides more then half the support of a minor child the child can be claimed as a dependent on the head of household IRS filing. Please note, The SSI benefits cannot be used as a portion of the "half" amount.
Whether or not a couple decides to have another child can depend on many factors. Having another child could depend upon the current income of the household along with household expenses, as well as the roles that the parents play, and the responsibilities that each parent holds. The couple may not have all the resources in order to have another child.
Yes, you may still be able to claim head of household if your dependent was incarcerated if you provided more than half of the cost of keeping up a home for yourself and a qualifying person (such as another dependent) for more than half of the year. Be sure to consult with a tax professional or use tax software to accurately determine your eligibility.
Any person who is financial dependent upon you qualifies as a dependent.