I am not the custodial parent, but my child support is current and a portion of it is factored in as daycare support (specified in the support calculation worksheet). Her attorney and accountant say because she pays for the daycare from her bank account, she can claim it every year as an expense, but the money is in her account because of my support payments. How can she claim daycare expenses for a dependent that I am allowed to claim this year (according to the agreement)? Any ideas?
2007-02-02 01:32:18 · 4 answers · asked by Jim M 1 in Business & Finance ➔ Taxes ➔ United States
the noncustodial parent can claim an exemption and the child tax credit. however, the noncustodial parent cannot claim the child as a qualifying child for head of household filing status, the credit for child and dependent care expenses, the exclusion for dependent care benefits, and the earned income credit. only the custodial parent can claim the child as a qualifying child for these four tax benefits.
see page 13
http://www.irs.gov/pub/irs-pdf/p501.pdf
2007-02-02 01:51:05 · answer #1 · answered by tma 6 · 0⤊ 0⤋
Daycare expenses are NOT DEDUCTIBLE.
If your ex is the custodial parent, she can claim the child as a dependent on her tax return. If you are paying child support, it can be deducted from income on your tax return.
2007-02-02 05:58:59 · answer #2 · answered by Anonymous · 0⤊ 2⤋
i've got faith the comparable way and that i'm fortunate sufficient to have the flexibility to be a SAHM. i do no longer think of i'm any further valuable than a working mom and as quickly as our babies are all in school finished time i want to bypass lower back to my profession. there are various motives to deliver a infant to daycare yet you're nonetheless elevating them! you're only attempting to grant your daughter the wonderful existence obtainable and that's all that concerns!
2016-11-24 19:05:35 · answer #3 · answered by ? 4 · 0⤊ 0⤋
The support calculation worksheet just says that's what you have to pay, it doesn't say that you can deduct it from your taxes. Federal tax law controls that, and says no you can't.
And the person who said you can deduct your child support is WRONG.
2007-02-02 11:54:47 · answer #4 · answered by Judy 7 · 0⤊ 0⤋