how much money do I have to earn to claim my child on income tax's?

Question

I live in north carolina and 2006, I was out of work for a while? I was wondering if I would get a full beneifit claim allowence if I only made a certain amount?

Answer 1

Even if you don't make a whole lot of money you can still file for tax return and claim your child. You will get some of your withholding back as well as qualifying for Earned Income Credit (money that is above and beyond your tax withholding).

If the child's other parent is trying to claim the kid, then it could get a little more complicated. The IRS rule for when both parents trying to claim the same child is:
1. The parent who the child live with longer during the year wins
2. When the child stayed with both parent the same length of time during the year, then the parent with more income wins.

Best wishes.

Answer 2

If you made less than the EIC cap (around 35,000), you can claim earned income credit for the child, plus the standard deduction. There is no minimum or maximum wages to claim a child. The 1040 instruction booklet will give you all the info and directions, or they're available at http://www.irs.gov

Answer 3

There is no set amount on earnings you need to make before claiming your child as a dependent. How much you earn has nothing to do with whether you can claim your dependents.

Answer 4

Does your daughter stay with you? if so, you will possibly desire to have claimed her on your return. that is not too overdue -- you possibly can report a revised return and declare her, as you will possibly desire to have initially. whilst the IRS sees which you're claiming somebody who has already been claimed on yet another person's return, they are going to look into, and supply the deduction to the guy who's legally entitled to it -- which would be you. they are going to make your ex pay lower back the quantity he won fraudulently. Be very specific you prefer to try this. Is it properly actual worth the undesirable emotions that is going to reason?