Can a couple file separately and claim sepate dependents as a way of getting more money on their return?
Situation-2 children from previous marriages and one child they have together.
Can they each claim their own child as a dependant?
2007-02-22 02:38:38 · 6 answers · asked by moni6674 2 in Business & Finance ➔ Taxes ➔ United States
Yes you can, but keep in mind that filing separately will disallow you from claiming certain credits and deductions
If one of you itemizes, then the other must itemize or take -0- as a standard deduction. Neither of you will be able to claim the EIC
You may want to do your taxes both ways jointly and separately to see what would be more beneficial to you.
2007-02-22 02:52:49 · answer #1 · answered by Anonymous · 2⤊ 1⤋
No, any ways to make money by filing separately are pretty much closed to being done. A dependent can only be claimed on one return. If you file separately, you can choose which one of you claims the child you have together, but you can't both claim them on your separate returns.
If you file as married filing separately, you can't take the EIC, education credits, or the credit for child care expenses, although you could take the child tax credit.
2007-02-22 10:13:55 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
The parent of the 2 from the prior marriage can claim their own children. Normally the other child is claimed by the parent with custody. The other parent may claim the child with written permission from the custodial parent.
If you are married and filing separate returns as Married Filing Separately, neither of you can claim the Earned Income Tax Credit, the Child Tax Credit or the Additional Child Tax Credit. In most cases you will make out much better by filing a joint return.
2007-02-22 03:09:13 · answer #3 · answered by Bostonian In MO 7 · 2⤊ 1⤋
you both report married jointly or one after the other if it would artwork for your benefit in respective of your student mortgage to report one after the other, that could no longer a difficulty he can not report head of kin, he has to report married one after the other as you do, and likely, he can declare his own toddlers the in effortless words element is you both ought to report an similar way, both commonly used deduction or itemized deduction and that is the position it turns right into a difficulty from time to time for filing one after the other also filing one after the other disallows another credit that you're eligible for there is absolute self belief, it really is both married, jointly or one after the other, you have not the different decision
2016-12-04 19:15:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Married filing separately is the harshest filing status tax-wise so I wouldn't advise that you do it unless you are sure that it will result in a lower tax/higher refund for the both of you. Also, you are denied several credits under MFS including EIC - unless you qualify to use the HOH status. Figure your tax under MFJ, MFS and HOH (if you qualify to use it) to see which results in the best benefit for you and your spouse.
2007-02-22 03:02:48 · answer #5 · answered by Carlover29 3 · 0⤊ 2⤋
the government won't let 2 people claim the same dependent
2007-02-22 02:47:02 · answer #6 · answered by transformerzdealer 2 · 0⤊ 3⤋