We live together, and I have claimed the child in the past. For 2007, it looks like my boyfriend would be better off claiming him, because I only worked part time while going to college full time. So he would get a bigger refund. How do we go about changing this, so he can claim him this year. We could really use the money, while I'm in school it's been really a rough year.
2007-12-04 05:48:01 · 5 answers · asked by pksmama 2 in Business & Finance ➔ Taxes ➔ United States
Taz= tax.. sorry
2007-12-04 05:48:25 · update #1
He is the biological father, and did claim him the first year.
2007-12-04 06:36:39 · update #2
I believe that either one of you can file as Head of Household and claim the child as a dependent. I claimed my grandson for a few years, then my daughter got a job and now she claims him, even though it helped us more.
2007-12-04 05:53:22 · answer #1 · answered by smartypants909 7 · 0⤊ 1⤋
Under your circumstances, either parent could claim the child. It is OK to switch who claims the child from year to year. Whoever will get the bigger refund would be a natural choice, but you two can decide.
If you cannot decide who claims the child, the exemption would go to the parent with the higher adjusted gross income.
Also, if one of you pays over half the cost of maintaing your home, then that person could file as head of household, based on the qualifying child.
2007-12-04 05:58:15 · answer #2 · answered by ninasgramma 7 · 0⤊ 0⤋
The child appears to be a qualifying child for both of you. Only one of you can claim him. The IRS doesn't care who as long as the child only appears on one tax return.
Contrary to the other post, claiming HOH is not automatic just because someone claims the child. There are other requirements to be met for HOH status besides having a qualifying child.
In addition to the dependency exemption, the QC carries the child tax credit, EIC and the ability to claim child and dependet card (assuming your boyfrind paid any).
2007-12-04 05:56:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Whoever has the highest gross incomes, and most deducations. if your boyfriend is self employed he will be filing for a 1099c. He'll have many advantages to claiming your son, and other business expenses. if he is claiming W2's he is still in a better position seeing you are going to college. YOU as well, going for higher education, can claim tax breaks take a look at this website.
2007-12-04 05:59:31 · answer #4 · answered by Ruben P 1 · 0⤊ 0⤋
Is he the biological father of the child? If so, he can claim him, and it doesn't matter that you claimed him in previous years, and you don't have to notify anyone ahead of time, he would just claim him on his return and you wouldn't. If he isn't the biological father, then he's not allowed to claim your child.
2007-12-04 06:28:59 · answer #5 · answered by Judy 7 · 1⤊ 0⤋