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Yes, for a taxpayer to claim the Earned Income Credit (EIC) for a dependent child, the child must live with them for more than half of the year. There are specific residency requirements, and the child must also meet other criteria, such as age and relationship to the taxpayer. Exceptions may apply in certain situations, such as temporary absences.
What else can I help you with?
Who can claim a qualifying child for the EIC after divorce is not specified in divorce agreement?
The child that the child actually lives with for most of the year can claim the EIC on the child. If the divorce agreement specifies that a non-custodial parent can claim the child on his or her taxes, it does not mean that he or she can claim the EIC on the child. EIC is not granted in court orders. To claim EIC, you must pass the age, relationship, and residency requirements. If the child does not actually live with the non-custodial parent for most of the year than the non-custodial parent may NOT claim the child.
Can you get eic if someone else is claiming you as a dependent?
no. also, you are not eligible until you are 25
If claim a dependent on taxes how much do you get back?
That's impossible to answer. It depends in part on your tax bracket. It depends on what tax credits the additional dependent might make you eligible for: child tax credit, additional child tax credit, EIC. At one extreme, you may get nothing back. On the other extreme, you may get thousands.
How old does your child have to be before you can get the eic?
To qualify for the Earned Income Credit (EIC), your child must be under the age of 19 at the end of the tax year, or under 24 if they are a full-time student. Additionally, there is no age limit if the child is permanently and totally disabled. It's essential to meet other criteria regarding income and filing status to claim the EIC.
You have 3 children can you get EIC or child tax credit for all 3 of them?
Yes
If the noncustodial parent claims the child as an exemption, but does not qualify for EIC or Child Tax Credit, can the custodial parent claim EIC, for which she qualifies with one child and file as Head of Household?
The only way your ex-husband can claim your child, regardless of what the divorce decree states, is if you agree to it by filing Form 8332. To find out more visit the IRS website or call them directly. They are very informative and helpful in these situations.
Can you claim a dependent that don't receive child support money and will that affect dependent from not receiving child support money?
Claiming a dependent is not dependent on the child support issue but rather on the amount of time the child spends with each parent.
In my 2005 divorce decree-my ex-can claim my daughter. Today I was reading over P501-it states I can also claim my child for eic,child care. My 2 children live with me(holiday/vac),i receive support-the rest its me.As headofhousehold can i claim her as we?
You can not both claim her. If he stops claiming her then you can.
What is the general impact on taxes when you no longer can claim a child as a dependent?
fed tax 1/3 of your check with out a dependent ... the other half (state) would depend on what state you live in ...
Can I file a 1099-MISC for my dependent child?
No, you cannot file a 1099-MISC for your dependent child.
If you have a woman and a child living in a house that you dont live in but own and pay all of the bills can you claim the child as a dependent if no one else claims him?
According to IRS rules, only the person who physically supported the child for more than 50% of the year can claim the child as a dependent. Financial support does not count. If the child lived with you for at least 183 out of 365 days during the tax year, you can claim him/her as a dependent. If the child stayed with you less than that, you cannot.
What do you call a child who is a dependent?
a dependant child?
