My daughter's father are not together as a couple anymore. My daughter lives with me and he has her two nights a week. We each pay for daycare and her other monetary expenses. We can't both claim her as a dependent, so how do we figure out how to share the refund?
2007-02-23 17:40:39 · 7 answers · asked by MoshPitGoddess 1 in Business & Finance ➔ Taxes ➔ United States
Usually, the couples decide to alternate years. Say you claim her on Odd number years, he claims her on Even numbered years.
I know a lady that works at H&R Block. Basically, first person to claim the child wins. So if you ex claims her first, you are out of luck.
2007-02-23 17:44:49 · answer #1 · answered by RiverGirl 7 · 0⤊ 1⤋
If you guys are on good terms your best bet would be to let the one who made less claim the child so you can get as may tax refunds as possible. More specifically the earned income credit. You have to have a minor child and not have made more than $30,000 for the year. My friend does this. She's a single parent, one child, under the $30,000 and claims daycare cost and gets back close to $2,000 a year just in regards to the child. When you get the taxes done ask how much you are getting back just for the child and split it evenly.
2007-02-23 17:55:37 · answer #2 · answered by Danisha R 2 · 0⤊ 1⤋
I know when my daughter was young an her father didn't live at home an he paid child support. My attorney told me that the person that provided most for the child would be the one to file taxes on her. You being the mother an her living with you. You should be the one, if it boils down to the earned income what your basing this on. I would see which one would come out the best an then I would make a deal to half it.
2007-02-23 17:52:25 · answer #3 · answered by witcheywoman 2 · 0⤊ 1⤋
Unless your divorce/separation agreement states the conditions, the rule is who provides the majority of the dependents support can claim the deduction. The attached link from the IRS concerns divorced/separated parents rules.
2007-02-23 17:50:40 · answer #4 · answered by oakhill 6 · 1⤊ 0⤋
As custodial parent, you are entitled to claim the child unless you choose to let her father claim her.
If you claim her and decide to share the refund with him, then whatever you agree on is what's done.
2007-02-24 12:39:55 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
Go with Danishas answer first, then oakhill's answer. Both are correct depending on your situation.
Basically, it comes down to how good is your relationship with your ex.
2007-02-24 00:14:21 · answer #6 · answered by Steve 6 · 0⤊ 1⤋
go for this site and provide your information they will file the tax accordingly. clarify your doubts by posting them in this site. byee
2007-02-23 22:26:50 · answer #7 · answered by Anonymous · 0⤊ 1⤋