Child support is not taxable income.
Grants and scholarships are taxable if they are more than qualified tuition and required expenses. You would cover this in the interview for the tuition deductions and credits on the deductions and credits page (you will be asked about grants that are more than tuition, which will be added to your taxable income.)
Child support received is not taxable or reportable by the recipient on any tax return.
If the "taxable" portion of your grant, when added to your other "earned" income is less than $6,350, then the absolute only reason you would file a tax return, would be to get any withheld taxes back, if taxes were withheld from your earned income.
i did have taxes taken out from my job. Grossed pay was 600 and grant was about 5000. i also receive child support which would put me over 6350 but do i need to add that in?
ok thanks! should i still file since i did have taxes taken out? is there a chance i could get some of the money back?
Under no circumstances what-so-ever does the child support received by you matter, or get reported anywhere. Ever.
From your grant, you can only claim "qualified" education expenses, which are tution, lab fees and books. I have no doubt that **IF** any portion of your grant is taxable, it will not bring your taxable income anywhere close to $6,350. But since you had taxes withheld from your paycheck, file the return anyway to get those withheld taxes refunded. It's also possible that you may be able to get the EIC for your child, and I would be surprised if you did not.
However, I do have one really IMPORTANT question. How did you support yourself and a child with $600 of income for the year and a $5K grant? Even with child support, I can't see any way possible. Heck, the child support alone wouldn't even cover a mortgage or rent payment.
I'm asking, because it "sounds" to me like you qualify to be claimed as a dependent on someone else's return. If so, that changes a lot of things for you.
i live with my father that has helped some but I'm 26. i don't think hes able to claim me? unfortunately i cant file for my daughter this year since me and her father have written that we take turns claiming her each year. we have shared parenting.
i get 400 a month for child support even though his income has increased should be getting more but I'm not able to have it relooked at for another year according to FCCS and our paperwork
Understand the child support doesn't count for *anything* in your situation. Here's the better way to go tax-wise for your family as a whole.
"i live with my father that has helped some but I'm 26."
You have less than $4,050 of reportable income. Therefore, assuming your dad provided you and your child *more* than 50% of your support for the entire year (and he did obviously), your father qualifies to claim both you and the child as a depedent on your dad's tax return. That will reduce your dad's taxable income by "at least" $8,100.
THen you will file your tax return, you do NOT claim ANY dependents, and you also select the option for "I can be claimed on someone else's tax return".
You will still get all of your withheld taxes refunded to you, and your dad's taxes will be quite a bit less.
Her father has to claim her this year it is set in stone by the state. two people cant claim her right?
A dependent can only be claimed on one tax return. Period. There are no exceptions. Also, when it comes to court orders, any legal authority below a federal judge can't set anything "in stone" for the IRS. Only a federal judge can do that. Since federal judges don't deal with things like divorce, child custody and child support, that's never gonna happen.
if i agreed to it which i didn't want to and i signed it, does that matter?
If you signed the form 8332 giving the non-custodial parent permission to claim the child as a dependent on their tax return for the 2017 tax year, then you're done. You can't claim them on your return. The 8332 has to be completed by the custodial parent each tax year. One form does not apply to any other tax year.
we are both the custodial and residential parent. i have her more than he does idk if that matters. it sucks since I'm making less well now no money since we went through FCCS I'm not working because I'm in school and his income being more i would be able to receive more in child support. i have to wait 3 years from the day it was filed which was in 2016 so another year.
im not sure if i signed that, never heard of it actually. im gonna have to go through my papers and check
The form looks like this: <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/f8332.pdf">https://www.irs.gov/pub/irs-pdf/f8332.pdf</a>
The form is only valid for ONE tax year unless you specifically designated otherwise in PART II. So if you signed one for 2016, you would have had to signed a new form for 2017.
ok so in the franklin county common please court division and domestic relations and juvenile branch document signed by us and a judge and magistrate in Columbus ohio, it states that we claim every other year also " the parent not claiming the child in that particular tax year is required to execute and deliver internal revenue service form 8332 or its successor, together with any other required forms as set out in section 152 of internal revenue code as amended on or before February 15 of following year the tax year in question to the parent that will be claiming the child" ..... im just trying to understand if this is anything to do with federal like you said so i could claim her?
Basically, if you don't sign the 8332 (if you are the custodial parent as defined by the IRS, not as defined by the court), then the non-custodial parent can not claim them. However, the lower court can hold you in contempt of a court order of that lower court, if that lower court ordered you to sign it, and you don't sign it. That lower court can fine you, incarcerate you, or whatever until you *do* sign it then.
well he is custodial as well which i didn't think that we both could be but if we cant agree on something i have final say ultimately which still seems like im custodial or not. But wouldn't he have to file for contempt which does cost money and im sure our lawyers would need to be involved which is even more. he may not be able to afford. so i could get lucky maybe? lol
and if he filed his taxes first and claims her could i still claim her and file it? like how would that work?
Thanks for your help. i really appreciate it! I'm going to get in contact with my lawyer about claiming her on taxes.
Child support is not taxable income.
Grants and scholarships are taxable if they are more than qualified tuition and required expenses. You would cover this in the interview for the tuition deductions and credits on the deductions and credits page (you will be asked about grants that are more than tuition, which will be added to your taxable income.)
Basically, work this through the program. If it shows you'll be getting a refund, then file. If it shows no refund, then check, the amount on line 7 of your 1040. If it's more than $6,350, then you're required to file anyway, regardless of your tax liability.