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 Why do people with children get so much more money back in taxes? |
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Additional Details
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Additional Details
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rideabanjopicker | Who would get the most $ back on claiming our child on our taxes? |
My son's father and I are separated and he made $63,000 this year and I made $16,000. Does anyone know which one of us would probably get the most $ back on their taxes by claiming him?
Additional Details
we are both remarried. I live in KY. Does anyone know what the income limit is to qualify for the Earned Income Tax Credit? |
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korries3
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You.. Cause your under the poverty line and will get the earn income credit for your child.. I know when we filed and my ex only made around that much we got 4 grand back |
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Ginger P
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Well...the person that housed your child for at least six months is supposed to claim your child but I would say that you would get the most back because you would qualify for "earned income credit".... |
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rachkw81
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It is great that you know about the Earned Income Tax Credit, since so many that are eligible are leaving it unclaimed. Many people still don't know about this credit or they think that it will affect their public benefits (but it won't!). Make sure that you get the full benefit of this credit by staying far away from H & R Block or one of those other commercial places. The IRS has a program called VITA that does free tax preparation for households earning $40,000 or less. They can make sure that you get all your eligible credits, such as the Earned Income Tax Credit, the Child Tax Credit, the Dependent Care Credit, etc.
This is an absolutely FREE service. They can e-file and do direct deposit so that you can get your return back in 7-10 days. There is no need to get a refund anticipation loan, which is really nothing more than a high interest loan where you would be paying to borrow your own money. You have worked hard for your money and you should be able to keep it! To find a VITA free tax site near you, call the IRS at: 1-800-829-1040.
I work with the VITA sites in Nashville and know that it can make a huge difference for working families. www.unitedwaynashville.org/nwba. |
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kimaw1313
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You would since you make less. He probably wouldn't get anything. |
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Tink
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I think if you are still married you have to file together. I don't know if you can file seperately without filing married seperate. But the lower income definitely would get more (EIC) but it might be better if you see it both ways and split the difference whoever gets more. He needs the tax break more if he made more. |
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Rox
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let him take the child as a dependent and you take the EIC tell whoever does your takes that the child lives with you but the father is claiming them as a dependent and yall both benefit |
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Judy1
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If you and your child's father are both remarried, as your addition to your question says, then it doesn't matter what each of you made, but what each of you AND YOUR RESPECTIVE NEW SPOUSES made for the year. If the numbers you show are for each couple, then you and your new husband would likely benefit more from the exemption, child tax credit and EIC than your ex would, since he wouldn't get the EIC. If, though, you're only showing YOUR income and not your new husband's in your question, then there's not enough info to answer. If you're filing as married filing separately, you won't be eligible for the EIC; if you're filing jointly, then your eligibility for EIC would depend on your joint income.. |
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lynnepeterpan
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you could claim him as qualifying and let your husband claim him for the deduction and yes you would get the eic because of your income but your ex wouldn't because he makes to much.with him taking the deduction his adjusted gross income would be less |
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serenitykay
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You because you made less money, and that puts you in line for the child tax credit he would get it to but it would go towards what he owes not him. |
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vegas_iwish
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He is in higher marginal bracket so he would save more. |
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BUNNY!
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I can't beilieve you are going to seperate for the $$$$$$$ |
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