Last year my husband (then boyfriend) got a $4500 return. He only claimed himself all year on his paychecks (witholding for 1) Then tax return time claimed our daughter.
This year he claimed himself & also our daughter (witholding for 2)
Does this mean he cannot claim her as a dependant come tax return time? Will we now get a really small return? He will make about $23,000. In July federal had taken out $800.
2007-09-12 07:23:21 · 6 answers · asked by SunnyDelight 4 in Business & Finance ➔ Taxes ➔ United States
What he did was fill out a W-4 which is related to how much is withheld from a paycheck for federal withholdings (there's also a state version of the W-4 as well). It is separate from the tax return. You will be able to claim your daughter (I'm assuming that since you both are now married that you will be filing as married filing jointly, and hopefully when your then boyfriend filed his return he filed as head of household. If not he might want to file an amended return for 2006).
2007-09-12 07:48:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋
He'll still claim her as a dependent, get an exemption and a child tax credit.
Are you employed or have any income? I assume you'll be filing a joint return - if so, any income you have would be added to his on the return, then you'd jointly claim your daughter.
If you file a joint return, you are most likely eligible for an earned income credit. That's probably why his refund was so high last year. If you file as married filing separately, then you can't get an EIC.
His claiming 2 instead of 1 on his W-4 will probably only mean a few hundred dollars difference in your refund.
2007-09-14 02:43:58 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Let's make it clear, claiming deductions in advance of tax filing for the current year prior to submitting your joint return will allow you to live a little bit better. Over withholding is the same as giving the government an interest free loan.
He can also claim you, and if your daughter is very young, then he can claim the childcare credit as well. This is like getting a pay raise. You can do the same thing. But a word of caution, you need to fill out the worksheet on the reverse of the w-4 to avoid underpayment, otherwise, there will be a shock to both your systems next year.
2007-09-12 15:15:05 · answer #3 · answered by Steveo 5 · 0⤊ 1⤋
I am assuming you had no income. He will claim the daughter, plus two personal exemptions.
A MFJ return with three exemptions and income of $23,000 isn't going to pay any income tax. Your taxable income is well under $400 and that is wiped out by the Child Tax Credit. He will get several hundred Additional Child Tax Credit, plus EIC of about $1,400. So expect a refund of about $2,800.
If you didn't have any income in 2006 and lived with him, he may be able to claim you as well and increase his refund for 2006 by filing an amended return.
2007-09-12 14:57:53 · answer #4 · answered by ninasgramma 7 · 0⤊ 0⤋
You need to know that this portion of Y/A is monitored by people who are required under due diligence to let a person know they may be acting in error regarding taxes:
Exemptions (claiming 2) during the year are only a scale for measuring total tax liability and hoping to come as close to even as possible.
[See: www.irs.gov, individual, withholding calculator]
If your boyfriend was not the legal relative of your daughter, he may not have been allowed to claim her, and where were you in the tax return?
His withholding 2 is a wise choice for a married filing jointly with one dependent...
Hopefully he isn't claiming single head of household, that is trouble brewing for you all!
2007-09-12 16:17:04 · answer #5 · answered by Wood Smoke ~ Free2Bme! 6 · 0⤊ 1⤋
He will still be able to claim her as a dependent, by changing his number of deductions, he decreased what the government is withholding. That means that while you still get to claim her, the resulting refund wont be nearly a big as last year, because you have had less taxes withheld.
2007-09-12 14:32:56 · answer #6 · answered by patrick 6 · 0⤊ 0⤋