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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.
What else can I help you with?
If your child has a job can you claim them on your income tax?
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.
How to claim child tax credit?
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.
Do single mothers get more money on their tax return?
No. You can claim the child and take off child care costs, but single people pay a higher rate.
Can you claim your child if they file taxes too?
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.
What if your son is 17 and working can you still claim him and his income on your 2009 income tax?
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.
If your child has a job can you claim them on your income tax?
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.
How to claim child tax credit?
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.
What are the eligibility requirements for claiming the child tax credit on my tax return?
To claim the child tax credit on your tax return, you must have a qualifying child who is under the age of 17, the child must be your dependent, and you must meet certain income requirements.
Do single mothers get more money on their tax return?
No. You can claim the child and take off child care costs, but single people pay a higher rate.
Are child support payments tax deductible?
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.
Can a parent claim a child on their income tax if the child is in prison?
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.
How can I claim the w4 child tax credit on my tax return?
To claim the W-4 child tax credit on your tax return, you need to ensure that you meet the eligibility criteria for the credit, provide the necessary information about your child on your tax forms, and accurately calculate the credit amount based on the IRS guidelines. Make sure to include all required documentation and follow the instructions provided by the IRS to claim the credit successfully.
How can I get help with claiming the W4 Child Tax Credit?
To claim the W4 Child Tax Credit, you can seek help from a tax professional or use tax software to guide you through the process. Make sure you have all necessary documents and information about your child to accurately claim the credit on your tax return.
What is the purpose of IRS Form 8332 and how does it impact tax filings?
IRS Form 8332 is used to release a parent's claim to a child's dependency exemption for tax purposes. This form allows the noncustodial parent to claim the child as a dependent on their tax return. It impacts tax filings by determining which parent can claim certain tax benefits related to the child, such as the Child Tax Credit or the Earned Income Credit.
Can you claim your child if they file taxes too?
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.
Can you claim your child for the earned income tax credit even if your ex is allowed to claim that child for the child tax credit?
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.
If my child is born on Dec. 30th can I claim that child for taxes?
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.
