I have a child under the age of 18 that lives with me 6 months out of the year. Beginning this year, her father and I are to alternate claiming her on our tax return. Just wondered if I as still eligible for the EIC when he claims her as a dependent.
2007-02-10 08:06:29 · 6 answers · asked by Terry C 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
You have her exactly six months out of the year? Surely not, someone has to have her more days out of the year. In order to claim Earned income credit, the child has to have lived with you for MORE than six months. If she lived with you for more than six months, you could take her as a non-dependent for EIC and let her father take her as a depedent.
2007-02-10 13:12:07 · answer #1 · answered by Fool in the Rain 6 · 0⤊ 0⤋
You can still get an EIC but the income limit is much lower, which means your EIC will be much less b/c you are closer to the limit and EIC is figured on a sliding scale.
See the link below for your specific case.
2007-02-10 09:31:59 · answer #2 · answered by Ryan K 2 · 0⤊ 0⤋
NO you cant if you alone make more than 10k.
Sad thing is if you husband makes more than you do, he wont be able to claim it and it will go unclaimed.
You might want to purchase the tax software and figure out how much money you will 'make' if you claim her using the EIC and how much money you will have if you dont.
whatever the difference is, is profit
ask the husband if he would be willing to SPLIT that with you. Might be the case that you would get an extra 2K and he might only get 400 by filing her on HIS taxes.
if he does his taxes using the software that you give him see if he is willing to take half of your 2k (and you both win)
he gets 600 more than he would get by filing and you get 1k more than you had
win for all three of you as your daughter gets to see you guys working together
2007-02-10 08:14:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋
you as a person if over 25 may qualify eic. But you can not receive eic for the child the same year the dad claims the kid!
2007-02-10 08:12:52 · answer #4 · answered by Miles from home 2 · 1⤊ 1⤋
Custodial parent is the only one who cant claim EIC, and you don't have to claim the personal exemption to do so.
http://www.irs.gov/publications/p596/index.html
2007-02-10 08:50:13 · answer #5 · answered by chelle8079 2 · 0⤊ 1⤋
no
2007-02-10 08:09:30 · answer #6 · answered by Sarge1572 5 · 0⤊ 1⤋