My husband and I have 9 children together. People are always teasing us about allowing them to claim some of our children on their taxes because (they say) we can only claim 2 of them anyways.
First of all I would NEVER do that, I know they are just teasing but what is this about, (us only being able to claim 2 of our children)??? We have always been able to claim all of our children and don't know what the dickens they are talkin about.
Please only serious answers.
Does anyone have any idea what they mean?
2007-01-09 12:20:13 · 12 answers · asked by egg_sammash 5 in Business & Finance ➔ Taxes ➔ United States
I know that I can claim all 9. We have done that for years now. I just didn't understand why people were saying that as if it was true. Maybe there is some big misunderstanding out there.
2007-01-09 12:34:43 · update #1
You can claim all your children. What they are talking about is the Earned Income Credit. That is where you need two qualifying children to max the credit.
You probably do qualify for the Child Tax Credit or the Additional Child Tax Credit. You could possible get up to $1000 for each child.
Look for your tax advice from a professional or the IRS website at www.irs.gov
2007-01-09 15:23:34 · answer #1 · answered by sylvrrain 2 · 0⤊ 0⤋
You are only allowed to claim 2 children for the purposes of Earned Income Credit. This is the big credit where you can get a refund even if you didn't pay any taxes.
You can still claim all of your children as dependents for other various credits and deductions.
2007-01-09 14:03:09 · answer #2 · answered by Smart1 3 · 0⤊ 0⤋
You obviously can claim the total number of children that you have. They're probably talking about the earned income credit. For people who are eligible for that, the amount of the credit is different if you have no kids, one kid, or two or more - you don't get extra EIC for more than 2.
2007-01-09 13:22:44 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
There is a limit on how many kids you can claim on your taxes (both federal AND state) each year. However, it is more than 2. Infact, it tells you on the form how many you can claim. I think it's 4, but I may be wrong. I do know that you can't claim all 9 kids.
2007-01-09 12:29:18 · answer #4 · answered by cyanne2ak 7 · 0⤊ 2⤋
Maybe they are just joking but maybe they are getting confused with the separate credit some people (head of household?) can claim for dependent children. As one responder mentioned, you can wade through the IRS website (www.irs.org, not .com) or talk to your tax preparer. You can even talk to the IRS, either by phone or by e-mail from the website. I've used the e-mail method and it worked o.k.
2007-01-09 12:55:07 · answer #5 · answered by Anonymous · 1⤊ 1⤋
They may have been confused with the Earned Income Credit which maxes out with two kids.
For people with very low income, only two kids are needed on their return to max out the refund but for most people, it pays to get every deduction that you can.
2007-01-09 13:06:40 · answer #6 · answered by Wayne Z 7 · 1⤊ 0⤋
I am not sure why people say that. I know that if you provide most or all of the support for the children, you can claim them.
2007-01-09 12:28:02 · answer #7 · answered by Connie K 2 · 1⤊ 1⤋
I'm not sure if there are limits on teh number of exemptions, although I dont believe there are. BUT for the EARNED INCOME CREDIT the limit is 2.
2007-01-10 04:59:40 · answer #8 · answered by Betsy 7 · 0⤊ 0⤋
From what I hear they changed some stuff, my sister has 4 children, they told her she will only get money for 2 of the 4.
2007-01-09 12:27:47 · answer #9 · answered by Anonymous · 1⤊ 2⤋
I am one of eight children and my dad has claimed all of us for as long as i can remember.
2007-01-09 13:10:39 · answer #10 · answered by Ginger P 2 · 1⤊ 0⤋