 I've been claiming 0 on my W-4. Would it be wise to change to 1 allowance? |
| I've been reading on the internet on this, but just need this answered. I am single, one job, and only make around 17-18K a year. I've always filed 0, but would rather have the money in my ... |
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 I am working in Bangalore?There is PT deduction from my salary? |
Amount of 200Rs got deducted from my salary every month on the name of PT. I came here from Punjab for job.Will anyone explain me what is this PT. and how to save this deduction.
Thanx in ... |
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 My mother filed for me on her taxes without my permission? |
I am 25 with a baby and a full-time student. On my FAFSA, I stated that no one can claim me as dependent.
I am also concerned that this will affect my financial aid because my mother is a ... |
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 Has anyone actually received there stimulas check yet from the goverment? |
| I'm wondering if anyone has received there stimulas check yet from the goverment? I read online that if you had direct deposit they where to start going out on tuesday I think it was. From what ... |
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 How long is too long for a refund? |
| i have a cellphone that i have had untouched, it has been about 3 weeks is it still possible for me to get a refund?... |
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 What should I claim for allowances my W4 form? "1" or "0". What's the difference? |
| I was wondering, what's the difference (or what's better)... Claiming "1" or "0" for allowances?... |
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 What happens if i go exempt for 6 months and the other 6 i go 0 dependents and single? |
| okay here is the problem this 2006 tax year i put in alot of overtime hours and my check is about 2100.00 every 2 weeks but the problem is that they tax me with like about 600 to 700 hundred every ... |
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 How to apply for pan card? |
I am student of M.B.A. and i have to obtain a pan card but i am not earning any thing now?
how to apply for pan card?
... |
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 Do you have to pay taxes on wholesale items that you sell on ebay.? |
| I want to purchase wholesale items as a LLC but I wonder if I can take those products and sell them on ebay instead of my online store?... |
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 I'm a full-time student (and still a dependent of my parents) w/ a part-time job. Should I file a tax return? |
| I work as a walk-on coach at a high school and a junior high school. I get paid through the district so taxes are automatically taken out of my paychecks. Should I file? If so, how do I do it? I'... |
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 I have a potentially big tax problem on my hands... Can someone give me some good advice please? |
| I work as an independent contractor, and basically use my vehicle as my office. Since my job requires me to travel each day, I keep a majority of my work related items in my vehicle. Unfortunately, ... |
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 Economic Stimulus Payment?? When? |
The website/hotline states that it is scheduled to be mailed 6/6 however the notice that came in the mail earlier this week said to expect it by 6/6.
Just curious, which one should we go by??
... |
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 Can my husband who left us in May 07 claim my son on his taxes just because he now pays child support? |
| He just started paying partial child support in Oct. leaving me high and dry from May until October... he says his lawyer says he has the right to claim my son. Does he? or can I go ahead and efile ... |
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andreashannon2000 | Who should claim the kids for taxes? |
My fiance made more money than I did last year so I was wondering who should claim the kids for taxes? I always thought the person who made the least should claim them, but then somebody else told me the opposite. Does anybody know? |
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doreen k
|
Do your taxes both ways and then select the one that has the most impact. If you use an online software such as Turbo Tax, you don't pay until you file.
It can go either way. Sometimes the additional dependents help the person with the highest income the most; other times, it can help the person with the lowest income to be eligible for the earned income tax credit.
I'm assuming from the way you asked your question, that your fiance is the other parent and that you live together. |
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ninasgramma
 |
I assume the children are children of both you and your fiance and that you live with your children.
Either parent may claim the children. You may choose to claim the children in the manner that yields the greatest refund. Figure your taxes all possible ways as there is no general answer as to which parent will get the greatest refund.
If there is a dispute between you, the parent with the higher income has a priority claim on the dependency exemption. |
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bluefacedelf
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Whoever is spending more on their upkeep claims them. The kids would be that person's dependent since they are mostly dependent on them. |
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stephenweinstein
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If you and your fiance are not both parents of these children, then only the person who is a parent of these children should claim them.
If you and your fiance are both parents of these children and you and your fiance were not living together, then the parent with whom the children lived more than half the year should claim the children.
If you and your fiance are both parents of these children and you and your fiance lived together, then the parent who provided more than half of the children's support for the year should claim them.
In all cases, only one person has the option to claim the children. If that person decides not to do so, then the children cannot be claimed by anyone. No one is allowed to claim a child whom another person is allowed to claim, even if that other person decides not to do so. |
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Amy W
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i think its better for the person that has less income..but thats just based on my personal experience from before me and my husband got married.....having less income means you are more likely to qualify for the earned income credit...but i think you should go to taxact.com and run it both ways and see. its weird. like back in 2005 we made about 30000 and only got 2000ish back...then this year we made 12000 and our refund is 6612....but we have one more dependent..so run it both ways thats your best bet |
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M K
 |
The legal answer is the guardian who spent the most resources supporting them.
From a deduction standpoint, it is usually best to have the highest earner can benefit the most because of the progressive tax system. |
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iamkari88
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i would think u should claim them because u make less money. i think u can get a bigger child tax credit. |
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k_normand
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The previous post is wrong. If the child lived with both parents for more than 6 months, then the child is a qualifying child for both parents. The can decide between themselves who gets to claim the child (assuming they are not married to each other). Depending on how much earned income each parent earned, the only way to know for sure is to fill out each parent's return with each one claiming the child and not claiming the child, and seeing which combination yields a greater net total refund. If I knew how much income each person made, I could tell you exactly who should claim the child.
Fell free to call if you have any more questions.
Kim Normand
Normand Foster Tax Service
214-250-0575 |
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