- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
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.
"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.
‎June 4, 2019
10:55 PM