Saturday, October 24, 2009

If my fiance and I live in the same house will my claiming a child tax credit affect his earned income credit?

over half of my income went to supporting these childeren last year. This is the first time I've ever had to file my taxes... so I'm just a little confused.





Thankyou

If my fiance and I live in the same house will my claiming a child tax credit affect his earned income credit?
If you are filing head of household you will be able to file child tax credit, how does the government know he is not a room -mate? As long as your not filing together you should be okay. Once your married I am not sure how things will work, you can check feds website.
Reply:first, are the children his kids also? either way, it will not affect his taxes at all, because he would not be able to claim them. Also, it will not do anything to anybodies earned income because its a credit, something that is added to your return. when you do finally tie the knot, and file a joint return, it will not affect anyones earned income still.
Reply:Please call the IRS and have someone walk you though this.





Whose children are these? Yours? His? Both of yours? How many children are there?





If there are 2 or more children, It's conceivable that both of you will be claiming a dependent and on your return that could include a child tax credit and on his this could include EIC. The requirement in each case is that the taxpayer claim a child under the "qualifying child" rules. To meet the QC rule, the child *you* claim must be related to you by blood or marriage.





If there is only one child, only one of you can claim the benefits. If the child belongs to both of you, if you file to claim the child tax credit, he would be unable to claim EIC, even as single. That's because he *could* have claimed EIC with a child and didn't (because you did). If he files the child to claim EIC, you can't claim the child on your return (if both of you try, the IRS would award the exemption to the parent with the highest AGI.)





If all children belong to you, then you would claim them as dependents and he'd file as single. If he is not the father for any child, then he can claim EIC as single.





If the children belong to him and you are not the mother, then you can only claim them if a) you meet the tests under qualifying relative rules (which does not include child tax credit), b) if he doesn't claim them or any EIC at all; c) only if his income is less than $3400 and d) only if you can prove you provided more than half the support of each child.
Reply:Claiming a child tax credit won't make any difference. But whose kids are these you are talking about, and how many of them are there? If you have one that's yours, and he's claiming one or more that are his, then fine, you can get the CTC for yours and he'd still get the EIC for his. Or if he's not claiming anyone, but is low enough income to get something for just himself for EIC, no problem. But your question kind of raises a few red flags that you might be a little confused on who can claim whom and for what.
Reply:It will if you're claiming the kids and he's not. If you're filing a claim together it won't.


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