Thank you for participating in this event. Congratulations on becoming a parent.
- Only one parent can claim the child for Child tax credit when Married Filing Separately. I would suggest whoever gets the maximum benefit from claiming the child should claim the child on the tax return.
- Any parent can pay for health benefits for the child and pay for those expenses from their HSA account. It is not necessary for the parent with health insurance for the child to claim the child as dependent on the return.
Medical and Dental Expenses
- Having an FSA to pay for day care expenses does not require you to claim the child on your tax return. Although, your FSA deductions may be included in your taxable income if you are not claiming the child. Additionally you cannot claim Child and Dependent care credit when filing Married Filing Separately.
Child and Dependent care credit
