495533
My entire return was offset due to defaulted student loans. I was really counting on my tax return to start paying off debt including, ironically, my student loans. I claimed my son as HOH. If I amend my return and file Single, and his father amends and claims him and files HOH, will he receive the money I would have gotten for our son?
You'll need to sign in or create an account to connect with an expert.
It depends. He would first have to be qualified to claim your son for those benefits, meaning that he must be living with you. If he is, you can each amend. The problem is, though, that you will end up owing. The IRS, by offsetting your refund, essentially "issued" your refund (paid it). Thus, if you amend, you will have to pay back the refund you are no longer claiming, even though you never saw the money originally.
This still might be worth doing if your son's father can also claim your son and gets a bigger benefit on his tax return than what you did on yours. But there is a very good chance that that's not the case.
Ultimately the decision will be yours but it's fair for you to know the consequences of the decision.
It depends. He would first have to be qualified to claim your son for those benefits, meaning that he must be living with you. If he is, you can each amend. The problem is, though, that you will end up owing. The IRS, by offsetting your refund, essentially "issued" your refund (paid it). Thus, if you amend, you will have to pay back the refund you are no longer claiming, even though you never saw the money originally.
This still might be worth doing if your son's father can also claim your son and gets a bigger benefit on his tax return than what you did on yours. But there is a very good chance that that's not the case.
Ultimately the decision will be yours but it's fair for you to know the consequences of the decision.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
sy1phidscribb1es
Level 1
aelsayed
New Member
heathermhall10
New Member
in Education
cbldmjmm
Returning Member
MikeGTaxes
Level 2
in Education