her father made way more than i did in 2006. would i get more money back if i claimed her since i made less or would he get more back since he made more?
2007-01-15 03:19:35 · 8 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
It depends on how much both of you have made. You would just have to try it out both ways(without filing) and see who would get more back.
2007-01-15 18:42:13 · answer #1 · answered by Kim 3 · 0⤊ 0⤋
The answer to your question is not as simple as the answers given so far seem to indicate. You need to figure out the filing status (you and the father). You need to figure out which of you can claim the child. Maybe either of you can claim her as a "Qualifying Child" You will probably need to do the taxes several ways to see which is most advantageous. If your income is low enough, you may be eligible for Earned Income Credit. Check out this link http://www.irs.gov/pub/irs-pdf/p17.pdf Check under Filing Status, Personal Exemptions and Dependents, Earned Income Credit
2007-01-15 04:18:19 · answer #2 · answered by curious george 5 · 0⤊ 0⤋
typically the one who makes less gets more if you make under a certain amount you claim earned income credit on the child but if you have a good income you still wont get much..the other problem is that one of you may end up owing money..i would suggest you guys go down and have some one due your taxes without actually filing to see who will benefit more when claiming her
2007-01-15 03:33:09 · answer #3 · answered by ELIZY 4 · 0⤊ 0⤋
It concerns! I prepare taxes and have faith me, it could make an excellent distinction. in spite of the shown fact that, i won't be able to enable you recognize the two way via fact I have no thought what the two of you paid the state or fed government, the place you reside, mortagage project, IRA's, 401k's All of those issues are taken under consideration. locate your self an exceedingly solid accountant (or possibly a rep at an HRBLOCK) and ask them to thrill discern your taxes out the two techniques. they ought to comply. once I report returns for indiviudals on your project, I try this as a courtesy earlier ever being asked. I had a shopper finally end up with a return of very virtually $3000 greater beneficial than they thought they have been going to get decrease back.
2016-12-12 11:55:23 · answer #4 · answered by ? 4 · 0⤊ 0⤋
You didnt say if you were married or not or all of you living under the same roof. And if you are not under the same roof, you didn't mention of the daughter lives with one parent more than the other.
If you taxpayers live apart, there are specific rules to decide who can claim. It's generally not an option that can be traded back & forth.
2007-01-15 04:18:58 · answer #5 · answered by WealthBuilder 4 · 0⤊ 1⤋
Lots of this depends on yours and his deductions and who actually provided the support. But I think the IRS makes it very easy by publishing a form for you both to sign showing agreement as to who gets to claim the dependent.
2007-01-15 03:29:12 · answer #6 · answered by snvffy 7 · 0⤊ 0⤋
Have your tax preparer do it both ways and see who gets more back then go with that. Free Estimate below
2007-01-16 14:53:04 · answer #7 · answered by shaydzofluv 2 · 0⤊ 0⤋
the person whom the child is living with full time is allowed to claim the child. it doesn't matter who earns the larger income.
2007-01-15 03:26:13 · answer #8 · answered by steve 4 · 2⤊ 1⤋