exemption tax
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Child Support Tax Exemption
Asked by F.O. from Los Angeles
on September 27, 2011
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I am nearing the divorce homestretch.
He wants to alternate the exemption as long as he's current on child support.
*****IRS states child support has no beari...
Answers
- My agreement is to take the 'lower' amount of support in order to claim the child every year. We also have 50/50 physical and joint custody. I end up paying more since...
- To claim a dependent, you must provide MORE THAN HALF of that person's support for a year. You could pay your parents' mortgage, utilities, etc and them live in a...
- nonono. do not let him claim your child. it clearly states on the form, did the child live with you more than 6 months of the year, did you provide over 60% of the c...
Tax Exemption Advice Needed
Asked by J.F. from Milwaukee
on December 2, 2006
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Hello everyone, It's my first time leave a message on here, but I was wondering if anyone has ever had to deal with the tax exemption process for non-paying fathers? M...
Answers
- HI! This is my first posting also! I know exactly what your going through, my ex still finds ways to screw me also, it's amazing all the ways he finds! Anyway, you pro...
- I have no idea about that taxes. But I am curious to know why your child support is not taken out of his check. My support for my son is taken out of my ex's paycheck ...
- Ok first of all call HR block or someone who is a professional and ask them, so you know 100% what you are able to do. I was a single mom and I was told that the pare...
Pre-tax Childcare Benefit and Tax Exemption Question
Asked by D.F. from Washington DC
on September 23, 2011
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My son's father and I live together, but are not married. Son's father claims him on taxes because he gets more money for the exemption EIC and daycare tax credit tha...
Answers
- No because what you are basically doing is taking the tax benefit twice. It should flag on an exception report if you try to do it since the pre-tax childcare benefit...
- No, that would be having your son claimed twice. As Jo W said, you would both be flagged for audit. If you both file electronically, then the system will not take th...
- The credit you are refering to is the Child and Dependent Care Expense Credit that up to $3,000 per qualifying person per year can be claimed. What I'm saying is that...
Tax Time/question About Child Tax Credit?
Asked by K.I. from Spokane
on April 15, 2009
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Hello ladies!
Its tax time and I have a question to any of you out there who are divorced and each parent claims one child on their taxes...we had our taxes done la...
Answers
- Well I'm sorry to hear you had a bad experience there, but I have worked for Block for 6 years and we have a great group of people, very intelligent too. Some offices...
- Looks like you found what you needed.
- Yes they changed the age to 17 now instead of 18 So hopefully more people will be aware, it was changed last year. Good-luck..L.
Sales Tax Holidays
Asked by L.M. from New York
on July 31, 2010
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Ok, I'm I the only one bothered by this. In CT, we have a "tax exemption" week in August for back to school clothing sales. All the stores and newspapers promote it ...
Answers
- We have one of those here it's a weekend and it's only useful if you're buying something like a computer, etc. Something high dollar. I just avoid the stores at all ...
- I am in Texas. It is a game for retail establishments. Really, How dumb are we???? Tax free weekend, hello in TX is 8,25%. We mistakenly went to the mall...
- VA has the 'tax exempt' weekend where all clothes $100 or less are tax free. All that really means though is that you get a 5-10% discount depending on where you shop....
New Tax Deduction Question
Asked by A.F. from Stationed Overseas
on January 23, 2012
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ok I read about the new tax deduction you can do that is 3700 per dependent. It says on the IRS website that spouses can also claim themselves along with their childre...
Answers
- my advice, get turbo tax, and let it do it for you lol!
- ETA: I gotcha! I know what your talking about now. This is a standard, right off the top deduction for each member of the family that is automaticallly calculated the ...
- This really grabbed my attention so I did a little googling - lol - there are two types of deductions - one for children/dependents and one for their care. The child c...
Any Tax Savvy Mama's Out There...
Asked by C.S. from Milwaukee
on January 26, 2011
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I can never figure out how much we should be withholding on our W-4's. Currently we are Married/4...
Anyone know how you determine what is best for what salary so ...
Answers
- We've been married 42 yrs., have 2 adult children, have ALWAYS claimed zero exemptions, and ALWAYS got large tax refunds back. We never had to pay taxes. The fewer dep...
- The are many factors that go into answering that question. Do you have a tax preparer (not H&R Block or one of those)? They can advise you as to your personal si...
- We are a family of 5, I do fulltime caregiver work and my husband is self employed. I claim 5, and last year we got almost $7500 back and no my husband didn't pay any...
Childcare Tax Credit
Asked by K.L. from Denver
on February 1, 2011
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For you who have in-home caregivers, do you claim it on your taxes? What do you pay/hour? We are hiring a women for 10 hours/week to watch our one 9 month old son. Do ...
Answers
- Its not worth it to her if you claim it and you dont get much of a credit. My mother has ran an inhome day care for 25+ years and doesnt do that to her parents and kee...
- Hi Kristen, well, you're opening a can of worms with that one hee hee. Most of the time if you are going to report taxes they will want a higher wage because the...
- Lots of people do it under the table but it is illegal and really should be claimed. I think it's more up to her if she wants to claim it or not because she is the one...
Other Tax Filing Moms
Asked by W.O. from Portland
on February 9, 2008
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Hi,
I have a simple question that my (soon to be) husband and I are having a disagreement over. It is simple, but we can't find an answer for it.
Our daughter was ...
Answers
- W., I'm not sure what either of you made for 2007, but I know if either of you made less than $32,000 then you qualify for EIC (earned income credit) which is like ...
- i agree. run both of your taxes with the dependent claimed to see who benefits the most. either can claim her despite any marriage or last names etc... just as long a...
- I hate to say this, but the best way to do it is to prepare four tax returns. One set with him claiming her, one set with you claiming her, file with the set that wor...
Income Tax Refund Question
Asked by D.P. from Pittsburgh
on January 6, 2011
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A previous question got me thinking...
Seems like some people think that by tweaking their exemptions one way, they can be "lucky" enough to get "one HECK of a refund...
Answers
- I like getting a refund because I am not very good at savings right now... working on it, but still haven't mastered it. And bank's interest sucks anyways so not a who...
- I'd rather get a refund than owe, so we try to break even, but dont mind if we end up getting a refund instead.
- We claim more dependents than we should (on the W4) so that they keep less money.. and we still usually get a large refund. But I'd rather get a large refund than try...
