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Claim Child as Dependent or File Separate
My children received unemployment in 2020 and if they file their own as a dependent they have a huge tax burden, but if I do not claim them their taxes are much less.
Can I NOT claim them on mine even if they live with me?
Options:
1 - I claim them as a dependent and get the tax deduction but they pay $6000 in taxes
2 - I DONT claim them on my taxes and they pay $550 in taxes.
Topics:
ā€ˇFebruary 2, 2021
8:59 AM